Do we consider CESS also while computing Advance Tax liability?
2 Replies
Arpit Pachisia
(CA)
(734 Points)
Replied 23 April 2014
CESS is considered once while calculating the income tax liability, if it exceeds Rs10,000 than assessee must deposit advance tax @ 30%, 30%, 40% in case of non corparate assessee before 15th of the quarter end. No CESS will be charged again on that amount.
Thanking You
Sanmitra Sanjeev Ratnaparkhi
(-)
(223 Points)
Replied 24 April 2014
Thank you so much.
Have a nice day.
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