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Advance tax

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(Querist)
08 October 2008 IS the advance tax concept is still applicable to the companies or it has been replaced by mat pls let me know
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
08 October 2008 It is still aplicable
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vinod

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vinod (Expert)
08 October 2008 june -15
Sep-15
dec-15
mar-15

is the due date of paying advance tax it is still applicable
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Prasanna Bhat

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Prasanna Bhat (Querist)
08 October 2008 Apart from advance tax payable by the company they should also pay mat pls let me know
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 October 2008 Advance tax is to be payable by the company if the income is computed either under normal provisons or under MAT provisions. The advance tax so paid will be reduced from the tax payable computed under either of the methods mentioned above and still there is a balance due to government it should be paid by self assessment tax.
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