Advance tax
This query is : Resolved
08 December 2014
Please Guide Me How to Calculate Advance Tax
i am working with partnership firm so what basis on i calculate advance tax (turn over is 35 carore approximately )
i am working with partnership firm so what basis on i calculate advance tax (turn over is 35 carore approximately )
08 December 2014
1. Compute the estimated total income for the whole year.
2. Compute the tax liability on the total income.
3. Reduce the amount in step 2 by TDS already deducted & deposited.
4. The amount arrived at in Step 3 is the total amount of advance tax to be deposited during the year.
Note - This calculation should be made for calculating each installment.
2. Compute the tax liability on the total income.
3. Reduce the amount in step 2 by TDS already deducted & deposited.
4. The amount arrived at in Step 3 is the total amount of advance tax to be deposited during the year.
Note - This calculation should be made for calculating each installment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- FREELANCING ACCOUNTANT
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
