Adjustment of surcharge paid onadvance tax installemnt , Income Tax

[hubert fernandes]

Income tax surcharge for firms is not applicabe for AY 2010-2011 onwards.whether surcharge paid on advance tax installemnt for AY 10-11 can be adjusted against final installment of advance tax for AY 10-11

Posts / Replies

[wig sinbad]

yes

[Rama Krishana]

A agree with the view of Mr. wig sinbad. You can adjust the same with the advance tax liability.