Top advance taxpayer charts for Q1 for FY 2016-17 The advance tax payments by a sample of the top companies, excluding banks and finance companies based in Mumbai, have seen good growth for the first instalment on Wednesday. However, overall advance tax payment for the quarter remained flat, due to dip in public sector banks’… Read More »
Pay Advance Tax on your Income When you have to Pay Advance Tax ? In case your tax liability after reducing the amount of TDS exceeds Rs. 10,000/- in a year, you are liable to pay advance tax. What are Advance Tax Due Dates ? As per Changes made by Finance Act 2016 :- Now Whether… Read More »
Advance Tax Analysis of Changes relating to Advance Tax Due Dates made by Finance Act 2016 Now Whether Corporate or non Corporate Assessee (Except Assessee to whom section 44AD applies as per point 2 below ) are required to pay tax in 4 Installments . on or before 15th June ,15th September,15th December ,15th March Assessee… Read More »
Finance Bill 2016 Rationalisation of advance tax payment schedule under section 211 and charging of interest under section 234C As per the existing provisions of sub-section (1) of section 211, the advance tax payment schedule for a company is fifteen per cent, forty-five per cent, seventy-five per cent and hundred per cent of tax payable… Read More »
Advance Tax as proposed by Finance Bill 2016 Advance Tax Payments date for Corporate and Non Corporate Assessee (All Assessee’s) The Finance Bill, 2016 now treats the non-corporates at par with corporates by mandating advance tax payments in four instalments viz. 15% of the tax on the returned income, on or before 15th June; 45%… Read More »