Related to advance tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2017 QUERY:

a company, suffered from losses for the last two years with aggregate not exceeding 5 lakhs, is in profits this year & tax liability amounts to more than 10,000 this year till the date. whether the company is liable to deposit advance tax by due date in this year.

or facility of carry forward and set off applicable on it.

Amol S Joglekar

Amol S Joglekar (Expert)
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08 August 2017 carry forward and set off is available, subject to of course MAT

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2017 RESPECTED SIR,

can you explain it in details?

Amol S Joglekar

Amol S Joglekar (Expert)
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08 August 2017 No, I am sorry. I can't explain it in detail. Please read through section 209, 209A and 210 of Income tax Act.
Read out the sections and come back for specific query, if any

Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2017 ok thanks you sir for guiding me about the sections.

Amol S Joglekar

Amol S Joglekar (Expert)
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09 August 2017 you are most welcome.....