Advance tax
This query is : Resolved
29 July 2016
An assessee is having business income on presumtive basis and also has professional income.
Is he relieved form the provisions of advance tax?
What if his professional income is below the basic exemption limit?
Is he relieved form the provisions of advance tax?
What if his professional income is below the basic exemption limit?
29 July 2016
No...advance tax provisions are independent of presumptive taxation
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