Advance tax-reduce tds

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rajalakshmirao (Querist)
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30 November 2011 Dear experts,

suppose when we are calculating adv tax for the sept month, can we reduce the tds for two qtrs i.e., apr-june & july-sep if we omit any month tds can we take next adv tax calculation

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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30 November 2011 While computing th advance tax liability, the TDS deducted will be reduced while calculating the tax liablity.

If while computing advance tax for a particular quarter, the TDS has not been considered, the same can be considered while computing advance tax for the subsequent quarter.

The computation of each quarter is separate from the previous quarter.

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