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Liable to pay advance tax

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Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2016 if TDS on salay or other section of TDS ( like 194 C , 194J, 194 i) not deducted by employer and service receiver in that case whether receipent of such amount is liable to pay advance tax please reply this question,

Expert : Anonymous

Expert : Anonymous (Expert)

09 October 2016 Dear Anonymous, Nice question. In this case you'll need to take the whole amount into consideration for calculation of advance tax since you're liable to income earned or received by you.

Querist : Anonymous

Querist : Anonymous (Querist)

09 October 2016 But Now
TDs also be deducted and whether double amount not deposited on same amount TDS as well as advance tax, is any lacuna in Law.

Expert : Anonymous

Expert : Anonymous (Expert)

09 October 2016 Dear Anonymous, no there is no lacuna in law. for advance tax calculation tds is deducted. non deduction will disallow expenditure to company unless you pay tax and give a CA certificate to that effect. for your tax calculation you'll consider tds then calculate advance tax

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