Advance tax

Dear experts,

The company is projecting  to  book a  loss this year 2019-20.  for month end of Sep, Dec, and Jan19.  Whether it is necessary to pay advance tax during June 19.

Please clarify,  upto June 19 it is a profit 

 

Reg,

Kannan

 

Replies (1)

No. Unless estimated tax liability exceed 10 K no advance tax liability arise.

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