Advance payment of taxes

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2012 Certain issues are disputed with Income Tax authorities, which is common wth every year return. Therefore is it wise to pay advance tax at higher rate - assuming issues in favour of IT department? Also if such issues are decided in our favour at ITAT , then in this case should one pay tax according at higher side or at lower (i.e as per income claimed to be assessed in the return)??

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

11 March 2012 The payment of advance Tax installment may accordingly be adjusted by the assessee by TAKING INTO CONSIDERATION the decisions on similar issues.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok