Discover and read the best of Twitter Threads about #advancetax
Most recents (1)
Thread 🧵on Advance Tax.
Applicability, Consequences of Non Payment, Calculations, How to Make Payment etc.
#advancetax
Retweet for maximum reach 🙏
Applicability, Consequences of Non Payment, Calculations, How to Make Payment etc.
#advancetax
Retweet for maximum reach 🙏
Q. What is an advance tax?
In simple term paying taxes in "Installments" rather than in lump sum while filing ITR. Tax amount paid before 31st March of respective FY is considered as an advance tax.
Tax is to be paid before certain due dates given by @IncomeTaxIndia
In simple term paying taxes in "Installments" rather than in lump sum while filing ITR. Tax amount paid before 31st March of respective FY is considered as an advance tax.
Tax is to be paid before certain due dates given by @IncomeTaxIndia
Q. Applicability of Advance Tax ?
Advance tax applicable to all assesses whose tax liability in a year exceeds Rs.10,000
Assessees include Salaried people, Businesses, Freelancers, Traders etc. This means all assesses.
Advance tax applicable to all assesses whose tax liability in a year exceeds Rs.10,000
Assessees include Salaried people, Businesses, Freelancers, Traders etc. This means all assesses.
