Sir,
I have a business where from i received bill every month, the deduction of bills are :- 1. Tds 2, Security Deposit 3. tds on sgst & cgst. Now how do i calculate advance tax amount from the bill. Second thing bills are submitted on december 2019 and not received payment from those bills how do i calculate tax amount. i have pay the advance tax by 15th Dec 2019 as i could not not pay it on Nov 19. Please help.
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Advance Tax
Replies (1)
Since you receive bill every month, it's a running type and consider similar amount and determine advance tax liability and pay instalment accordingly.
I don't think any major issue. To be on more safe side pay little more amount as advance tax.
I don't think any major issue. To be on more safe side pay little more amount as advance tax.
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