No Advance Tax if Liability is Less Than Rs.10,000/-

Saturday, February 6, 2010 | comments


Advance Tax Limit has been extended from Rs. 5,000/- to Rs. 10,000/- w.e.f. April 1,2009. Accordingly , advance tax shall only be required to paid in case the liability to Pay Income Tax is Rs. 10,000/- or more.

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