Will any person is liable to pay advance tax if he received payment in which TDS is already deducted.?
Please answer
TDS and Advance Tax
(Guest)
6 Replies
CA Abhash Mishra
(Chartered Accountants)
(598 Points)
Replied 17 November 2008
If the TDS had been deducted equal or more than his taxable limit thereafter he have not required to deposit Advance
Thanks
vinod kumar sharma
(chartered accountants)
(23 Points)
Replied 17 November 2008
hi,
can we discuss on transfer pricing
vinod
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 17 November 2008
IF TOTAL TAX-TDS deducted>5000, then liability of advance tax will create
shafique
(Accountant)
(30 Points)
Replied 05 February 2009
Hello
I am Shafique, Student of CPT(C.A). please send me a detail of the follwing.
1- what is mean of Advance TAX.
2- How to calculate Advance TAX.
3-Date of Payment Advance TAX.
Please Send above Questions Answer Earliest.
Thanking You
KHAN SHAFIQUE
shafique
(Accountant)
(30 Points)
Replied 05 February 2009
| Originally posted by :Mukesh Kumar Rawal | ||
| " |
Will any person is liable to pay advance tax if he received payment in which TDS is already deducted.? SHAFIQUE |
" |
Abhinav Agarwal
(M.Com C.A SAP Consultant)
(814 Points)
Replied 05 February 2009
Hi..
If the Final Tax Liability after deduction of TDS is greater than Rs.5000, then the person is liable for Advance Tax.
HI Shafique,
For details on Advance Tax, Please look at section 234 A/B/C...i am giving u section number because you asked such a question which can't be answered in few lines. Plz don't take it otherwise.
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