Tag Archives: Advance tax

ADVANCE TAX How to Pay Advance Tax Online 2024-25 I How to Calculate Advance Tax I CA SATBIR SINGH

By | March 8, 2024

ADVANCE TAX How to Pay Advance Tax Online 2024-25 I How to Calculate Advance Tax I CA SATBIR SINGH advance tax,advance tax in income tax,advance tax revision,advance tax calculation,advance payment of tax,what is advance tax,how to pay advance tax,advance tax kya hota hai,income tax,what is advance tax in hindi,advance tax payment online,advance income tax,advance tax… Read More »

Advance Tax Guide AY 2025-26 ! Due Dates & Calculations

By | February 25, 2023

Advance Tax due dates AY 2025-26   Why Advance Tax is paid Liability to pay advance tax As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of “advance tax”. In this part you can gain knowledge on… Read More »

Salary Income -No Interest for defaults in payment of Advance Tax : Supreme Court

By | March 20, 2019

Held The provisions relating to payment of advance tax is contained in Part ‘C’ and interest thereon in Part ‘F’ of Chapter VII of the Act. In cases where receipt is by way of salary, deductions under Section 192 of the Act [i.e TDS ] is required to be made. No question of payment of… Read More »

Advance tax couldn’t be treated as tax paid under PMGKY : Delhi HC

By | March 15, 2018

HIGH COURT OF DELHI Virag Tiwari v. Principal Commissioner of Income-tax SANJIV KHANNA AND MS. PRATHIBA M. SINGH, JJ. WRIT PETITION (CIVIL) NO. 6312 OF 2017 MARCH  12, 2018 Balbir Singh, Sr. Adv. Rajesh Jain and Ms. Rubal Bansal, Advs. for the Petitioner. Zoheb Hossain, Sr. Standing Counselfor the Revenue. ORDER Sanjiv Khanna, J. – The writ petitioner, an advocate by profession and… Read More »

How to compute and pay advance tax ?

By | November 2, 2016

 Advance tax Income liable for advance tax Advance tax is payable under section 211 of Income tax Act.All income (including capital gains, winnings from lotteries, crossword puzzles, etc.). are taken into account to compute Advance Tax Liability. Who is not required to Pay Advance Tax ? Resident individuals who are over 60 years of age… Read More »