IS IT POSSIBLE & OK OR ANY KIND OF ISSUE MAY B RAISE IN FUTURE WHILE SCRUTINY..........?
THAT COMPANY HAS PAYING RS. 20000 ADVANCE TAX FOR 1ST 2 QTR
RS. 25000 ADVANCE TAX FOR 3RD QTR.
RS. 300000 ADVANCE TAX FOR 4 QTR ON 15.03.2012
PRANIT (ACCOUNTANT) (219 Points)
11 December 2012IS IT POSSIBLE & OK OR ANY KIND OF ISSUE MAY B RAISE IN FUTURE WHILE SCRUTINY..........?
THAT COMPANY HAS PAYING RS. 20000 ADVANCE TAX FOR 1ST 2 QTR
RS. 25000 ADVANCE TAX FOR 3RD QTR.
RS. 300000 ADVANCE TAX FOR 4 QTR ON 15.03.2012
CA Manish
(Job)
(5264 Points)
Replied 11 December 2012
Interest will be applicable on shortfall of the installments.
PRANIT
(ACCOUNTANT)
(219 Points)
Replied 11 December 2012
OK !!!
THANK U SIR............& ANY OTHER THING ..................
CA CS Chirag
(Practicing CA)
(834 Points)
Replied 11 December 2012
it will spefically not make any problm in future because assessee may increase or decrease instaallments of advnce tax