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 Threads
- Practice sheet in tally
- Can I use Savings Account for GST-registered freel
- FEMA QUERY : OCI Card Holder (FEMA Resident) - Pur
- ITC Inter head difference between GSTR2A and 3B
- Form 10IEA for re-entering new regime
- ITR Utility is awful
- Sale value - sale deed or AIS
- Deductions under Schedule EI
- Income under section 194R
- Schedule FA A3 csv Example
Related Threads
CAclubindia
