Hello Friends...
My question is..
If Mr.X is an individual rendering professional services as a Management Consultant.He received Rs.72,500 per month (After Deducting TDS) from his client XYZ Pvt Ltd.He operates his profession from his house.
He have some expenses like :-
1. His Mobile Bill
2.His Electricity Bill
3.His Medical expenses bill
4.His Club fees
5. capital Exp - Purchased a T.V
& Some petty Exp like petrol,cable T.V bill etc etc...
and he have a Car also.
He also invested Rs.75,000 in Provident Fund and Rs.25,000 in LIC.
Now I Want to Know HOW CAN I COMPUTE MR. X TAXABLE INCOME and ADVANCE TAX TILL DATE as he did'nt deposited any advance tax till date....???????
PlZ Solve My Query as soon as possible...
U can send any information related to this to carahul_rdb @ yahoo.com