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What is the difference between Advance Tax and TDS?
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Answer Posted / p. navaneetha krishnan
Advance tax will be paid before ending of the financial
year on every quater as per the last date given with the
appropriate payable amount for Companies and Individuals.
TAX / TDS is deducation from Vendores / Creditors for
others / Employee, which need to be paid to the governemnt
account / to be remitted as per the scheduled date.
If failing on the above 2 cases, On scrutiny from the
respective departments Penality to be paid to the
governemnt.
| Is This Answer Correct ? | 2 Yes | 3 No |
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