Most urgent: advance tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2012 A Partnetship firm which is liable to pay AMT and that also claims deduction under section 80IC i.e. 100% deduction. AMT compute is 5 lakh rs whether Amount is required to be deposited as advance tax of rs 500000*60% OR No Amount is required to be deposited as advance TAX.

Please suggest me ASAP bcz today is last dateof advance tax.

17 December 2012 the provision of MAT will applicable in this case and advance tax on basis of MAT has to be paid.


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