TDS and Advance Tax

TDS 1235 views 6 replies

 Will any  person is liable to pay advance tax if he received payment in which TDS is already deducted.?

Please answer

Replies (6)

If the TDS had been deducted equal or more than his taxable limit thereafter he have not required to deposit Advance
 

Thanks

hi,

can we discuss on transfer pricing

vinod

IF TOTAL TAX-TDS deducted>5000, then liability of advance tax will create

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

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.?
Please answer

SHAFIQUE

"


 

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.


CCI Pro

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