TDS and tcs

Direct Taxation

If tds exceeds advance tax payable ,what will happen

SANSKRITI BADRI 2111339

CA Final

★ 4K+

13-Mar-23 08:37

523

Answers (1)

Advance tax is computed based on Total Tax - TDS. If TDS already covers the tax liablity, advance tax payment is not required.

CA Suraj Lakhotia

Admin

13-Mar-23 11:57