Can advance tax is considered as capital advances

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Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2014 Dear Sir/Madam,
I want to know that, can advances taxes is considered as capital advances

CS,CA F,Numrologi TusharSampat (Expert)
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13 August 2014 its not any advance as capital its like ur paying it in instalments

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Rupesh Jain (Expert)
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20 August 2014 no it is advance tax which is set off with your tax liability when you file the tax retrun.

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