Advance tax
This query is : Resolved
13 December 2011
Sir,
Please tell me how to calculate advance tax in case of company.
as due date is 15/12/11
upto to what date we will calculate taxable profit for advance tax due on 15/12/11.
its urgent
reply
Please tell me how to calculate advance tax in case of company.
as due date is 15/12/11
upto to what date we will calculate taxable profit for advance tax due on 15/12/11.
its urgent
reply
13 December 2011
Step 1: Calculate taxable profit for the whole year.
Step 2: Calculate total tax liability for the whole year.
Step 3: Reduce the total tax liability by TDS etc.
Step 4: Calulate 75% of the net tax laibility.
Step 5: Reduce the advance tax already paid from the liability in Step 4.
The balance amount is to be paid as advance tax by 15th December.
Step 2: Calculate total tax liability for the whole year.
Step 3: Reduce the total tax liability by TDS etc.
Step 4: Calulate 75% of the net tax laibility.
Step 5: Reduce the advance tax already paid from the liability in Step 4.
The balance amount is to be paid as advance tax by 15th December.
13 December 2011
Sir,
How should i know about whole year profit
Pls tell me its urgent
How should i know about whole year profit
Pls tell me its urgent
13 December 2011
You know the profit till date. Estimate the profit for the whole year on that basis.
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