IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Residential status

Direct Taxation

How and why a person has to pay advance tax before determining his residential status?

Abhishek Purohit

CA Inter

★ 10K+

20-Mar-21 17:51

276

Answers (3)

Best Answer

Advance tax is a mechanism for the government to collect taxes evenly throughout the year. Anyways Indian Income will be taxable for all. And in most cases, individuals do have an idea of what would be the likely residential status.

CA Suraj Lakhotia

Admin

22-Mar-21 14:00

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

21-Mar-21 14:33

CA Suraj Lakhotia Admin

Ok tnq sir

Thread Starter

Abhishek Purohit

CA Inter

★ 10K+

22-Mar-21 14:01

Connect With Us

Sales

964-011-1110 / 913-331-0549

Support

915-491-1196

964-011-1110

support@indigolearn.com

Company

About Us

Careers

Information

Testimonials

FAQ

Terms & Conditions

CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C

IndigoLearn

Residential status

Connect With Us

Company

Information

Courses

Course Guides

Offerings