Why Advance tax is complusory
Why Advance tax is complusory
To avoid Interest u/s 234A, 234B & 234C if income tax payable is expected to exceed Rs. 5000
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If advance tax is not paid then it could be subject to penalty u/s 221 for default in paying tax and so that the government gets funds for making expenditure in time
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
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