How to see the limit of Rs.10,000 for payment of advance tax? A person who has not paid any advance tax and at the end of the year his tax liability came to <Rs.10,000 after deducting TDS Receivable. Now should he pay interest for non-payment of advance tax?
2 Replies
Devender Donthula
(58 Points)
Replied 25 April 2017
TDs itself a form of advance tax, so no need of paying interest
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 26 April 2017
Dear sir,,,,,,,,, yes , but detector must be deposit TDS before file TDS and also up date in you 26AS
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