PROCEDURE OF CALCULATING ADVANCE TAX ???
TO CALCULATE QUARTERLY ON WHAT BASIS???
ON GROSS PROFIT OR NET PROFIT OR ON QUARTELY TURNOVER???
Menu
Advance tax calculation
Replies (1)
At a Point of Calculating Advance Tax, Say 15th Sep., We have to Proceed with the Income so far earned (From Turnover Achieved, G.P. Ratio and the Expenditure so far made and also taking into account the Annual Charges like Depreciation, Interest on Borrowings Etc). Annualise the Same to Whole Year, arrive at the Tax Payable. And Then Estimate Your Advance Tax for Sep Due
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
