44ad


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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2014 Dear Sir,
I am opting section 44AD since 2 last years and in AY 2013-14 I had deposited self assesment tax of Rs. 60000/-. Now I have received intimation from local office to deposit advance tax in respect of AY 2014-15. As U/s 44AD (4) provision related to advance tax is not applicable in such case.

Now what is the remedy in my case.

23 January 2014 well reply stating that advance tax provisions dont apply to your case

However, you have to ensure that you are not crossing 1 cr limit in the current year. as per the tax payment you mentioned, you are already doing business in excess of 80 lakhs

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2014 in current year my turn over would be around 60 lacs.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2014 in current year my turn over would be around 60 lacs.


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