Easy Office
Easy Office

Advance Tax

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 September 2010 Hello friends,

Last date of advance tax deposit is 15th September & minimum 30 % of tax is payable.

Suppose a person have to deposit Rs. 1,00,000/- Advance Tax but he deposit Rs. 20,000/- (which is less than minimum 30 % deposit).

- How to calculate interest on tax if balance tax deposited on 31st Sept., 2010.

- If balance tax not deposited on 31st Sept., 2010 but on deposited on December, 2010 then how interest is calculated.

Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
23 September 2010 u will calculate interest on the balance amount for three month @1% per month

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links