In what conditions company do not pay income tax in-spite of
taxable income and tax will be paid in next year as previous
year income tax.
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Answer / Dhananjay Kumar Rai
Companies may defer paying income taxes under certain circumstances such as carrying forward losses, utilizing tax exemptions or incentives, or by investing in specific projects that qualify for tax holidays. Additionally, companies may also opt to pay advance taxes in installments throughout the financial year instead of a lump sum at the end.
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