Is there any rule i Income Tax to pay or received any advance in cash or cheque. Please give brief information.
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Income Tax act regarding Advance paid or received
Replies (2)
yes there is a rule to pay incometax in advance
and different for copanies and other than companies
yes ,ALSO IF NOT PAID IN SPECIFIED TIME INTEREST IS ALSO LEVIED ...
% OF ADVANCE TAX TO BE PAID IS DIFFERENT FOR CORPORATES AND OTHERS.....
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