Advance Income TaxDue datee-PaymentPenalties & AssessmentsThis paper reviews the system and procedure of payment of advance income tax in India. It highlights the incomes and the assesses who are chargeable to pay theSobti, RenuKadyan, Jagbir Singh...
advance corporation tax n (Accounting & Book-keeping) a former UK tax in which a company paying a dividend had to deduct the basic rate of income tax from the grossed-up value of the dividend and pay it to the Inland Revenue. Abbreviation:ACT ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook advance signal [əd′vans ′sig·nəl] (civil engineering) A signal in a block system up to which a train may proceed within a block that is not completely cleared. ...
If the total tax payable in a financial year is Rs. 10000 or more, then a person has to pay Advance tax. Advance tax meansincome taxshould be paid in advance instead of lump sum payment at year-end. You pay this tax in the financial year preceding the assessment year in four installme...
Which is the best method of payment in an export trade? What type of terms of payment I can adopt under an Export business? Under any kind of sales, obviously advance payment is the best option of payment. Ok, now the terms of payments are concerned, you are very happy if you get pa...
Reversal of advance payment made to vendor, where there are reverse charges See Also The tax needs to be paid if supplier gets the payment first, therefore we need to calculate GST at the time of advance payment made to the vendor. However, when ‘supplier of goods’ ...
If the total amount of advance tax paid amounts to less than 90% of the taxpayer’s advance tax liability, interest is payable at the rate of 1% per month from April 1, following the year in which the tax is due, until balance payment of the tax. ...
no interest u/s 234B would be charged. However, if advance tax is not deposited up to 31st March of P.Y. interest is charged @ 1% p.m. or part thereof up to the date of payment. Interest u/s 234C will be charged @1% if advance tax is not deposited on or before 15th March ...
all or any of the assets and liabilities of or shall be in any manner calculatedtoadvancedirectly or indirectly the objects or interests of the Company and to subscribe for, acquire and hold shares, stocks or securities of, and guarantee the payment of any securities issued by any such ...
Is sales tax applicable on shipments effected under high sea sales Is Seaway bill a document of title? What is Seaway bill. Payment terms We have IEC, can we export from all ports? What does ECGC do on default of payment of any overseas buyer?