Advance tax.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 IF COMPANY'S TOTAL TAX LIABILITY SAY RS. 8000 THEN COMPANY LIABLE FOR ADVANCE TAX

Sandeep Dharar

Sandeep Dharar (Expert)
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18 July 2014 No if tax liability is above Rs. 10,000/- then Advance Tax is applicable.

visit the following link for more details:-

http://www.lessmytax.com/advance-tax-payment-due-dates/

CA Shashank Jain

CA Shashank Jain (Expert)
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18 July 2014 As per section 208 of IT Act, 1961 - if the assessee's tax liability during that year is less than 10,000 then it is not liable to pay advance tax.