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Tax for the Tax Exempt Company

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(Querist)
28 October 2010 I have a query

If any company is exempted from payment of tax do that company need to pay advance tax and claim it as a refund from the dept. or it does not have to pay any advance tax as it is expted from taxation.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 October 2010 When your tax liability is zero where is the need to pay advance tax.
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taxindiaconnect

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taxindiaconnect (Expert)
29 October 2010 No
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