Rule 86b 1% payment
This query is : Resolved
13 January 2021
Our co has paid income tax liability more than 2 lakhs in last 2 previous years....are we not supposed to follow rule 86(b) for this year?
Income tax payment here i mean paid through advance tax too like
tax liability-10 lakhs
Advance tax paid-9.5 lakhs
Self assessment-50000
Income tax payment here i mean paid through advance tax too like
tax liability-10 lakhs
Advance tax paid-9.5 lakhs
Self assessment-50000
Lekhraj sood
(Expert)
13 January 2021
Yes, total tax including advance tax.
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