Payment of Advance Tax

I have to pay advance tax for a company but i dont have net banking in it so can i pay the tax from its sister concern and then transfer that amount from the comapny to its sister concern.

Replies (8)

yes, you can pay & pass the entry in the books of company to show your sister concern as a unsecured loan & make a payment via cheque for the same to your sister concern

Yes u can do so

Originally posted by :Mukesh Kumar Rawal
" yes, you can pay & pass the entry in the books of company to show your sister concern as a unsecured loan & make a payment via cheque for the same to your sister concern "


 

yes

The bank account is not important from which you pay the tax. Just confirm that you pay the Advance Tax against the appropriate PAN because the credit shall go the PAN quoted and not to the person/company from whose bank account the payment is made.

yes u can

Originally posted by :Amol Gopal Kabra
" The bank account is not important from which you pay the tax. Just confirm that you pay the Advance Tax against the appropriate PAN because the credit shall go the PAN quoted and not to the person/company from whose bank account the payment is made. "

 

 

 yes u can but remember that u pass the proper entry for that in the books 

CAN I KNOW WHAT ARE THE RESPONBILITIES OF MANAGER TAXATION,

PLEASE EXPLAIN ME

 

WITH REGARDS

M. MURAGAIAH 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details