Advance tax

Nikita Agarwal (CA) (43 Points)

15 February 2013  

One of my client is a private limited company. It has interest income on the loans & advances made. TDS on such income gets deduct on the last day of every year when such income is credited in the books of accounts. Every year sufficient amount of TDS gets deduct which exceeds the tax liability of the company and the company claims refund. So my question is whether will be liable to pay advance tax quarterly ??

Please guide me on this.

Thank you.