1)what are dates for payment of advance tax?
2) what rate are applicable ?
3)on wht income isthat calculated??
4
if more tds had been deducted on incomes does there is any need to pay advance tax?/
Arihant
(ARTICLES)
(34 Points)
Replied 02 September 2008
YOU NEED NOT PAY ADVANCE TAX IF THERE IS DEDUCTION OF TAX ON UR INCOME. YOU HAVE TO ASSESS YOUR INCOME FOR THE YEAR IN ADVANCE FOR THE YEAR ON BASIS AS LAID DOWN U/S. 143
FOR PAYMENT OF ADVANCE TAX PLS REFER SECTION 234-B & 234-C
Rajneesh kumar
(CA -Final)
(39 Points)
Replied 22 September 2008
| Originally posted by :kaushal | ||
| " | 1)what are dates for payment of advance tax? 2) what rate are applicable ? 3)on wht income isthat calculated?? 4 if more tds had been deducted on incomes does there is any need to pay advance tax?/ |
" |
1) For Individual 15th sept, 15th dec. 15th march
For Company 15th june15th sept, 15th dec. 15th march
2) Rate applicable on in that financial year.
3) Estimated income for the year.
4) No.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
