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.)
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.)
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.
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