15 December 2012
A Partnetship firm which is liable to pay AMT and that also claims deduction under section 80IC i.e. 100% deduction. AMT compute is 5 lakh rs whether Amount is required to be deposited as advance tax of rs 500000*60% OR No Amount is required to be deposited as advance TAX.
Please suggest me ASAP bcz today is last dateof advance tax.