Advance tax in loss making company

ish kumar sharma (Sr. Manager Accounts & Finance)   (301 Points)

11 March 2016  
hi expert, i wanna clear the situation as our company is in loss situation and even book profit u/s 115JB is also negative, we even have TDS amount of 400000/- as per 26AS, my boss asked me to advice him to advance tax liability of the company . I told him that there is no need of advance tax , but he always keep on saying there is liability , how is it possible???? please make me clear about the situation. he has given me time till today!!