Related to advance tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2017 QUERY:

a company, suffered from losses for the last two years with aggregate not exceeding 5 lakhs, is in profits this year & tax liability amounts to more than 10,000 this year till the date. whether the company is liable to deposit advance tax by due date in this year.

or facility of carry forward and set off applicable on it.

08 August 2017 carry forward and set off is available, subject to of course MAT

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2017 RESPECTED SIR,

can you explain it in details?


08 August 2017 No, I am sorry. I can't explain it in detail. Please read through section 209, 209A and 210 of Income tax Act.
Read out the sections and come back for specific query, if any

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2017 ok thanks you sir for guiding me about the sections.

09 August 2017 you are most welcome.....



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