Can advance tax is considered as capital advances

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2014 Dear Sir/Madam,
I want to know that, can advances taxes is considered as capital advances

13 August 2014 its not any advance as capital its like ur paying it in instalments

20 August 2014 no it is advance tax which is set off with your tax liability when you file the tax retrun.


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