Pravin Mahadik (Practicing Cost Accountant) (78 Points)
06 January 2011Is there any rule i Income Tax to pay or received any advance in cash or cheque. Please give brief information.
Dheeraj
(Learner)
(1100 Points)
Replied 06 January 2011
yes there is a rule to pay incometax in advance
and different for copanies and other than companies
CA MAULIK
(C.A)
(937 Points)
Replied 06 January 2011
yes ,ALSO IF NOT PAID IN SPECIFIED TIME INTEREST IS ALSO LEVIED ...
% OF ADVANCE TAX TO BE PAID IS DIFFERENT FOR CORPORATES AND OTHERS.....
CAclubindia
