Set off of excess income tax paid

426 views
User Avatar

Student
55 Points Posted on 31 January 2011

Hi,

 

Income tax liability of a person is as follows

Income tax -272732.00

SC-27273

EC-9000

Interest -4840

He has already remitted income tax of Rs.294340.Can he set off the excess tax paid against SC,EC and interest?If yes what should be the order of set off?

Reply Share Follow
On 31 January 2011 at 13:08 Report
Replies (1)
User Avatar

Learner
3134 Points Posted on 31 January 2011

 

When you deposit tax its already considers as total tax liability so yes he can adjust with it.

Reply
On 31 January 2011 at 13:13

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Query on FCTRS
  2. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  3. Advance for supply of goods
  4. Question for members: how do you manage client doc
  5. Clarification Required on Invoicing and Receipt of
  6. SEBI Registered VS NSDL Registered RTA
  7. Income tax or capital gain tax for Resident Indivi
  8. PCIT-1 Thane Email address
  9. CA Fees deduction for non audit case allowed?
  10. 5th Letter PAN Mismatch with Surname issues still

More recent discussions | Post

Related Topics :

Loading