advance tax
This query is : Open
vikas taparia
(Querist)
13 September 2017
sir
my turnover is less the 1 crore
and profit is more then 8 %
what is advance tax liablity and last date of payment for advance tax payment
Ashiwini Ballodia
(Expert)
13 September 2017
If you are opting for section 44AD than you should pay the advance tax on on before 15/03/18 for AY 18-19 i.e FY 17-18
CA Rashmi Gandhi
(Expert)
13 September 2017
Your liability will be near about 250000/- & you have to pay tax upto 15 march.if you declaare profit under Sec 44 AD
vikas taparia
(Querist)
13 September 2017
i should choose 44ad and my total income approx 7 lac
CA Rashmi Gandhi
(Expert)
13 September 2017
Then tax liability is near abt 200000/- & you have to pay advance tax upto 15 March.
Ashiwini Ballodia
(Expert)
14 September 2017
Now you don't have to do anything in mar 18 you shoul compute you income tax liability & pay the advance tax by 15 mar 18
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