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Advance tax

This query is : Resolved 
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(Querist)
27 February 2016 In financial yr 2014-15 tax return of firm filed u/s 44 AD. Now in current yr turnover exceeded 1 Crore. We have not paid Advance tax. So whether adv tax with interest have to paid? It is proprietary firm with profit.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 February 2016 yes. advance tax shall be applicable alongwith 234B and 234C interest....and so shall be tax audit.
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