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Advance tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2015 If any one receive payment from Govt. Dept. It is necessary to pay income tax on receiving amount in advance?
Say if receiving amount is > Rs.5000000. Or can receiving person demand deduction of tax {full} amount from receiving amount? { TDS}
If tax is not paid by receiving person then Are Dept. reject his payment.?
If tax{full} deduction is not there then Are person demand self assessment mode of payment of tax ?
If receiving person don't have tax amount; then how he will full fill his tax responsibility?

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2015 My Queri not answer yet?



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