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?
When you deposit tax its already considers as total tax liability so yes he can adjust with it.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
