Dear experts,
The company is projecting to book a loss this year 2019-20. for month end of Sep, Dec, and Jan19. Whether it is necessary to pay advance tax during June 19.
Please clarify, upto June 19 it is a profit
Reg,
Kannan
Gkannan (manager) (77 Points)
04 June 2019Dear experts,
The company is projecting to book a loss this year 2019-20. for month end of Sep, Dec, and Jan19. Whether it is necessary to pay advance tax during June 19.
Please clarify, upto June 19 it is a profit
Reg,
Kannan
Rohan Gundappa
(student)
(304 Points)
Replied 04 June 2019
No. Unless estimated tax liability exceed 10 K no advance tax liability arise.
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