Advance tax
This query is : Resolved
01 August 2013
I have a doubt related to advance tax that I had paid advance tax in the last year but forget to avail the benifit in last year return so I want to know whether I can avail benifit of last year advance tax in current year return or not???
01 August 2013
The Advance tax benifit can be availed in the return of Assessment Year in which the Advance Tax was deposited.
Say if you deposited Advance Tax for AY 2013-14 you can show the amount and take benefit only in the Return of AY 2013-14. In case of excess Advance Tax paid you can claim refund.
Say if you deposited Advance Tax for AY 2013-14 you can show the amount and take benefit only in the Return of AY 2013-14. In case of excess Advance Tax paid you can claim refund.
01 August 2013
The ans is no.
01 August 2013
thank you sir for the reply it means that I cant avail the benifit
01 August 2013
you cannot avail the benefit you asked in querry.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- UDIN ISSUE
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
