advance Tax payment

[Nitin Dahake]

Dear Sir,

If any one receive payment from Govt. Dept. It is necessary to pay income tax on receiving amount in advance?

Say if receiving amount is > ₹ 5000000. Or can receiving person demand deduction of tax {full} amount from receiving amount? { TDS}

If tax is not paid by receiving person then Are Dept. reject his payment.?

If tax{full} deduction is not there then Are person demand self assessment mode of payment of tax ?

If receiving person don't have tax amount; then how he will full fill his tax responsibility?

Thanks

AI Summary

TDS governs government payments: recipient bears residual tax and must pay advance tax quarterly when due.
Payments from a government department are subject to Tax Deduction at Source at rates fixed by law; the recipient is liable for any balance tax. If tax liability exceeds the statutory threshold, advance tax must be paid in quarterly instalments, and the assessee must self-assess and pay any remaining tax at year end. A payer cannot be required to deduct more than the statutory TDS rate, and banks do not grant loans specifically for payment of advance income tax.