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Advance tax

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(Querist)
19 November 2013 I want to know what is advance Tax? How to use in account.
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CA JATIN TALREJA

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CA JATIN TALREJA (Expert)
19 November 2013 It is the tax assessee is required to pay during the financial year preceedibg the AY on the basis of own computation of income , though income of the previous year is taxable in the immediately following AY.

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