Write a Note on Advance Tax.
Answers
Answered by
0
As the name suggests, it refers to paying a part of your yearly taxes in advance. Advance tax is the income tax payable if your tax liability exceeds Rs 10,000 in a financial year. Advance tax should be paid in the year in which the income is received. Hence, it is also known as the 'pay-as-you-earn' scheme.
Similar questions
English,
8 months ago
Chemistry,
8 months ago
Computer Science,
1 year ago
Computer Science,
1 year ago
Geography,
1 year ago
Hindi,
1 year ago
Geography,
1 year ago