When does the Liability to pay advance tax under Income Tax Act arise?

CA Mehul Thakker , Last updated: 05 December 2020  
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Dear Students / Readers Let us start with a small practical scenario Mr.Jitendra, resident, 52 years, provides the following information. (i) Tax on current income: Rs. 15,500 (ii) TDS on interest by ABC Co.: Rs. 6,900 Advise him, whether he is liable to pay advance tax for the curren

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Published by

CA Mehul Thakker
(Managing Partner)
Category Income Tax   Report

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