Advance tax on june 30 th

Others 954 views 7 replies

hey friends..

is it ncecssary to file taxes(advance tax) before june  30 th for a pvt ltd co tht has yet  not done any business ?

pls reply.. its very urgent...

thank you...

Replies (7)

NOT AT ALL,.

No there is no need to pay adv tax as one is not certain abt activity level and expected taxable income.

U/S 139, every co. falling under tax audit u/s 44AB need to file return within due date and for every other person if total income exceeds max. tax free limit then need to file return. U/s 208 Advance tax to be paid if tax payable is Rs. 5,000 or more. If the Pvt. Ltd. co. fulfills the condition then need to file tax return within due date.

thanks a lott for the reply guyss :)

every company has to deposit 15 percent of net tax liability after Tds upto 15 june of previous year if tax liability is expected to be or be Rs 5000 or more whether income is earned after the specified period

Originally posted by :Tarun Sharma
" every company has to deposit 15 percent of net tax liability after Tds upto 15 june of previous year if tax liability is expected to be or be Rs 5000 or more whether income is earned after the specified period "


 

i am in full agreement  with Tarun Sharma.

advance tax has to be paid by  every company in four installments. To escape from paying interest under section 234C one has to compute the net liability of tax at the end of the accounting year and then has to pay 15% on or before June 15th


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details