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Regarding Adv tax..... Lets say as on 15 dec, my tax liability is 20 lacs, per IT rule, I am supposed to pay 75% adv tax i.e 15 lacs... What if I pay 100% i.e 20 lacs? will I get 6%p.a interest from IT dept on excess payment made of 5 lacs from 15 dec to 15 march? I mean, what benefit I should get in case I pay 100% tax liability in 15 dec itself?
Sir I am your huge fan. Few days earlier I saw your video on sale journal entry. Really your way of teaching is awesome. My name is Adil From Lahore Pakistan. Is your detailed video on cash flow statement then kindly share me the link. Would you like to share your WhatsApp number. Thanks
@@AnkitGupta0326 Thank you so much Ankit for this information. Acctully main bhot confuse thi . But now im clear . Will take admission in next month only.
wat a STUPID calculation and rules made by Govt. Basically you are paying 1L RAW tax for 1L extra income.. Surcharge should be over and above the 50L not on whole income, the relief doesn't really give any relief.. most idiotic tax system ever to tax the upper middle class
Sir wonderful video but meri query kindly solve kijiye... Main ek employee hu Maan lijiye Mera employer TDS deduct karta hai har month salary se but meri other incomes bhi hai jaise Rent income, agriculture income etc uske liye kya mereko alag se advance tax pay karna hoga?
Wonderful explanation sir... One query sir advance tax means TDS? N second query is salary ka advance tax toh employer khud deduct krega TDS ki form mein but ltcg/STCG se koi interest ki income hui toh uska advance tax Kam kaha bharenge?