Rule 86b 1% payment

This query is : Resolved 

13 January 2021 Our co has paid income tax liability more than 2 lakhs in last 2 previous years....are we not supposed to follow rule 86(b) for this year?
Income tax payment here i mean paid through advance tax too like
tax liability-10 lakhs
Advance tax paid-9.5 lakhs
Self assessment-50000

13 January 2021 Yes, total tax including advance tax.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries