Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2015
How to Calculate the Advance Tax of an Individual who is a director of a company. Whether the Individual Accounts has to be kept separate. How the Co's Account and Individual Accounts are maintained?.Which return has to be submitted for the same.
20 February 2015
company is a separate legal entity and director if is a executive director then return of salary needs to be filed. along with holding the position of director, if such person is running a business too then itr-4 is best in all the circumstances
Rupesh Jain
(Expert)
20 February 2015
for director and otherincome of the director of company will consider jointly and calculate the tax if net tax liability after tds is morethan rs. 10000/- then pay the advance tax
if your business income of director file return in ITR-4.
if your business income of director file return in ITR-4.
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