If someone wants to pay tax amounting to5,000 related to year 2010-11 (current A.Y.). What penalty or intt. he will have to pay? and under which head will he pay (like advance tax etc.)
1 Replies
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 16 December 2011
There is no need to pay advance tax as your tax liabilities is less than 10,000.
If you pay now in december for A.Y2010-11 Interest have to be paid of 17% u/s 234A.
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
