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Corporate Tax Planning Manpreet Kaur, Lovely Professional University
Notes Unit 12: Advance Tax Planning and Tax Relief
CONTENTS
Objectives
Introduction
12.1 Concept of Advance Tax Payment
12.1.1 Who is Liable to Pay Advance Tax?
12.1.2 Computation and Payment of Advance Tax where the Calculation is made by
the Assessee Himself [Section 209]
12.1.3 How to Deposit Advance Tax?
12.2 Advance Tax Payment: Due Dates and Interest on Late Payment
12.2.1 Interest under Section 234C for Deferment of Payment of Tax
12.2.2 Consequences of Non-payment of Advance Tax
12.3 Double Taxation Relief
12.3.1 Main Reasons for Double Taxation
12.3.2 Rules Due to which Double Taxation Arises
12.3.3 Types of Relief
12.3.4 Method of Giving Relief from Double Taxation
12.3.5 Taxation of Business Process Outsourcing Units in India
12.3.6 Concept of Permanent Establishment
12.4 Double Taxation Relief Provisions in India
12.5 Summary
12.6 Keywords
12.7 Review Questions
12.8 Further Readings
Objectives
After studying this unit, you will be able to:
Discuss the concept of advance tax payment
Describe due dates and interest on late payment on advance tax payment
Explain double taxation relief
Elucidate double taxation relief provisions in India
272 LOVELY PROFESSIONAL UNIVERSITY
