Regarding advance tax
This query is : Resolved
27 March 2018
Hi
I need information regarding advance tax
If my income tax nil l for the A Y 2017-18.
If my income raise in the A Y 2018-19 roughly my tax liability goes higher that 10k then I need to pay advance tax for this year or I need to pay self assessment tax before filling the ITR
PLEASES GUIDE ME
I need information regarding advance tax
If my income tax nil l for the A Y 2017-18.
If my income raise in the A Y 2018-19 roughly my tax liability goes higher that 10k then I need to pay advance tax for this year or I need to pay self assessment tax before filling the ITR
PLEASES GUIDE ME
K Srinivas, CMA CS
(Expert)
27 March 2018
You need to pay advance tax this AY 2018-19 irrespective of your tax liability in the previous years. All matters is whether your tax liability this AY exceeds Rs.10000
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