18 August 2011
Say as per your computation the tax payable is Rs. 10,000/- ( Tax + EC). This is Aggregate Income Tax Liability.
If TDS and any advance payment made by you is Rs. 18,000/- but as per the 26AS the payment in your account is appearing is Rs. 14900/- then this is called Total Tax Credit Allowed
18 August 2011
if the tax liability computed by the asesse and dept is diff bcs of 26as(interest charged) then should i give the tax lia as assessee determined or dept determined
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