Advance tax
This query is : Open
Madhav Krishna
(Querist)
12 January 2017
A firm opted exemption under sec 44AD has to pay advance tax on or before 15th march for the financial year 2016-17.If the Tax liability is less than Rs.10000 when is the last date for payment of Income tax?
13 January 2017
If the amount of tax payable is less than Rs.10,000 then there is no need to pay advance income tax. The income tax due can be paid along with the income tax return.
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Kaushik Joshi
(Expert)
13 January 2017
yes agree with the expert.
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