HI CCI'TES JUST WANT 2 KNOW ON WHICH INCOME ADVANCE TAX IS PAID.(PL.TELL THE SEQUENCE)
ALSO TELL WHAT IS THE DIFFRENCE B/W TAX PAYABLE & TAX LIABILITY IN RESPECT OF ADVANCE TAX.
THNX A LOT.
Menu
Advance tax
Replies (1)
Advance Tax is payable in respect of all income, if tax thereon comes to more than Rs. 10,000 (including cess)....
About you second doubt..,
As far I think, Tax Payable used when we are making calculation for payment of Advance Tax or Self Assessment Tax..., while Tax liability term used when AO issue demand notice, therein Tax Liability word is uses...
Although, there is no such technical difference and you can use any of such terms to express what tax you have to pay as advance tax or self assessment tax or demand....
Recent Topics :
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
Related Topics :
CAclubindia
