To avoid interest/penalty I am paying advance tax + sufficient surplus amount for surcharge & cess : all under minor head Advance Tax (100) without breaking up as surcharge, cess. Will the surplus amount in advance tax paid, be adjusted for surcharge & cess later on while filing returns,or I have to break up and pay them under appropriate heads in the challan? Please advice. Thankyou
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Advance Tax (100) : surcharge, cess breakup
Replies (8)
Quick Summary
With Break up, Pay appropriate heads in the challan...
Internal adjustment is possible
| Originally posted by : CA Raj Doshi | ||
 |
Internal adjustment is possible |  |
Yes, Internal adjustment is possible (if already paid).
But, What is Your advice to the query...??
Make advance tax payment in one head only of *tax"
| Originally posted by : CA Raj Doshi | ||
|
Make advance tax payment in one head only of *tax" | |
Good One Dear...
But, I'm not advice as this...
Yes sir. I know that your opinion is different than mine. Both opinions are right.
Better to put the amounts in appropriate heads in challan
| Originally posted by : Kiran Hathalia | ||
|
Better to put the amounts in appropriate heads in challan | |
Well Said...
Actually it will be pay as per appropriate heads. That's also good advice...
Paid (or paying) one head is not advisable or good practice. Many of Taxpayer paid Single head (Tax) who is not know the payment heads or no time...
So, As a professional it's advised as pay appropriate heads.
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