Advance tax query
This query is : Resolved
20 May 2015
While computing advance tax liability for the assessee, whether relief u/s 89 is to be deducted before charging cess @3% or after charging cess ?
Kindly assist me...
Kindly assist me...
20 May 2015
Relief u/s 89 is to be deducted before charging cess @3%.
21 May 2015
The same treatment also be done in all computation of taxes like "tax due on returned income" u/s 234C or "assessed tax" u/s 234B etc. !!!
21 May 2015
Yes the same treatment.
21 May 2015
But sir, in ITR Utility, under schedule "PART B-TTI" Relief u/s 89,90,90A & 91 (except relief u/s 87A)is deducted after charging cess @3%...so on what ground r u saying that relief u/s 89 is to be deducted before charging cess @3%...please clarify !!!
21 May 2015
Cess is levied on the amount of tax finally paid. In both the cases it will not make any difference.
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