Advance Tax
BISWAJIT (service) (179 Points)
14 June 2018
Can I treat my TDS deposit by Party as an Advanced Tax payment
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183759 Points)
Replied 14 June 2018
TDS is not exactly advance tax, but it reduces your total tax liability, while calculating advance tax payable.
i.e if your tax liability after subtracting TDS amount, exceed Rs. 10,000/- you are liable for adv. tax. payments/installments.....
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