Calculating of advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2014
while calculating of advance tax for payment of advance tax ,whether TDS receivable is deducted for that period.
for example-----
for April -15 june
Tds deducted is rs. 60000.
for example-----
for April -15 june
Tds deducted is rs. 60000.
Nikhil Kaushik
(Expert)
08 October 2014
yes. TDS credits are to be included....
CA R SEETHARAMAN
(Expert)
08 October 2014
You have to deduct TDS from the total estimated tax for the year and then calculate advance tax payable each quarter.
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