Advance tax
This query is : Resolved
19 November 2014
Do we have to pay the advance tax if we have carry forward losses.
19 November 2014
For computing advance tax you have to compute your estimated income for the year.
Estimated income will be computed after setting off all brought forward losses.
If after set-off of losses your income is less than the taxable limit, then you are NOT required to pay advance tax.
Estimated income will be computed after setting off all brought forward losses.
If after set-off of losses your income is less than the taxable limit, then you are NOT required to pay advance tax.
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