Advance tax by IT firms increase by 110% ::

IT companies may be struggling to cope with a rising rupee, but their tax payments are on an upswing. The total advance tax collection from IT companies in September grew by 110% to Rs 507 crore from Rs 242 crore in September, 2006. September 15 was the last date for payment of second instalment of advance tax. The first instalment had to be paid by June 15. The government’s advance tax collections from IT companies in April-September 30, 2007, grew by a whopping 153.79%. According to Nasscom es

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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