In the end of March 18 income tax liability 63000/- we paid 52300/- as a advance tax rest Rs.10700/- i have created provision in books. so please suggest when i have to pay Rs.10700/- and we need to pay any interest. also suggest in
its payments like advance tax, self-assessment tax, or regular assessment tax,
10 May 2018
To restrict Interest U/s 234-B. You may pay the balance amount by calculatiing interest @ 1% for a month or part of the month immediately as "Self Assessment Tax."
CAclubindia
