Regarding payment of advance tax.
This query is : Resolved
Amitabha Das
(Querist)
29 May 2018
Sir,if anyone pay advance tax as per schedule for a financial year(or next assessment year) by depositing Cash(not in cheque),then that amount will be considered as income for that particular FY(or AY)?(for eg-if anyone pay advance tax Rs 50000/- in cash for FY 2018-19/AY-2019-20 for a income aprx Rs600000/-,then this amount (50k) will be included in his income or not? Please clarify sir.
Nikhil Kaushik
(Expert)
30 May 2018
depends on the source of cash....
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