TMI BlogAdvance Tax Payment Made in December 2008 for April 2009 Obligation; Adjustment Permitted, Not Overpayment.The liability to pay the tax arose only in April 2009, but the payment was made in December 2008. Thus the payment made in December 2008, can only be an advance payment of tax and not an excess payment of tax - Adjustment allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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