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Residential status

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


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

20-Mar-21 17:51

22

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.


Suraj Lakhotia

Suraj Lakhotia

Admin

22-Mar-21 14:00

??


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

21-Mar-21 14:33

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