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Advance tax is a mechanism under the Indian Income Tax Act, 1961, that requires taxpayers to pay their estimated tax liability in...

In India, taxpayers are required to pay advance tax if their tax liability exceeds ₹10,000 in a financial year. Advance tax is...

Sometimes, taxpayers end up paying more advance tax than needed due to changes in income or calculation mistakes. If this happens, the...

Filing Income Tax Returns (ITR) and paying advance tax are crucial steps for every taxpayer in India. Not only do they help you stay...

Understanding the distinction between Advance Tax and Self-Assessment Tax is critical for taxpayers in India, as both play a pivotal role...

Income tax laws in India are designed to ensure the timely collection of taxes to fund various government initiatives. Section 234C of...