Advance tax
This query is : Resolved
07 June 2015
hello, I want to pay lump sum income tax payment for AY year 2015-16..kindly advice whether I need to tick on Self Assesst tax or Advance tax in 280 form
Thanks a lot
CA.Karan Dawar
(Expert)
08 June 2015
If it is for A/Y 15-16 then Self Assessment Tax as due dates of advance tax for AY 15-16 is over.
And liability to pay advance tax only arises when tax liability is more than Rs. 10,000/-
And liability to pay advance tax only arises when tax liability is more than Rs. 10,000/-
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