<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Information Consultant</i>
<br />It is an adjustable tax
Cash debit
Adv Tax debit
Bank credit
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I meant to say how do we treat it when we submit tax returns at the end of financial year..
i think you want to know about tax treatment not accounting treatment. You can claim amount of advance taxes while filling your tax return. it is similar to Withholding tax you pay on utility bills.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rehanjaved00</i>
<br />i think you want to know about tax treatment not accounting treatment. You can claim amount of advance taxes while filling your tax return. it is similar to Withholding tax you pay on utility bills.
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Thankyou friend