Advance tax calculation
This query is : Resolved
03 December 2015
Compute the estimated Gross total income, Total Income and Tax thereon by considering the below:
1. Estimated PL and B/S;
2. Compute the estimated purchase and sale of fixed assets and compute depreciation for the year;
3. Estimate the other heads of income (HP, CG and OI);
4. Estimate the exemptions us 10;
5. Estimate the deductions under chapter VI;
6. Estimate the deductions u/s 35....
7. Estimate the disallowances;
8. Estimate the other deductions allowed under IT Act
9. Consider any other of items adjustments under IT Act.
1. Estimated PL and B/S;
2. Compute the estimated purchase and sale of fixed assets and compute depreciation for the year;
3. Estimate the other heads of income (HP, CG and OI);
4. Estimate the exemptions us 10;
5. Estimate the deductions under chapter VI;
6. Estimate the deductions u/s 35....
7. Estimate the disallowances;
8. Estimate the other deductions allowed under IT Act
9. Consider any other of items adjustments under IT Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Capital gains in IT returns
- Urd purchase entry in tally prime
- GSTR-9C filing
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
