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.
Ria Saraf (CA final student) (110 Points)
12 December 2009I 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.
P-A-W-A-N
(TAX - MANAGER AT GURGAON)
(541 Points)
Replied 12 December 2009
| 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
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 12 December 2009
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.
Rahul Ramesh
(CA Final, BCom, MBA)
(1084 Points)
Replied 12 December 2009
| 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. | " |
Gauav Aggarwal
(ACA)
(374 Points)
Replied 13 December 2009
yes u can but remember that u pass the proper entry for that in the books
MURAGAIAH MELANGI
(ACCOUNTS MANAGER)
(51 Points)
Replied 13 December 2009
CAN I KNOW WHAT ARE THE RESPONBILITIES OF MANAGER TAXATION,
PLEASE EXPLAIN ME
WITH REGARDS
M. MURAGAIAH
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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