Advance tax


This query is : Resolved 

24 November 2017 A PERSON HAVING 44AD INCOME & HE IS SENIOR CITIZEN THEN SECTION 234B & 234C IS APPLICABLE OR NOT

24 November 2017 Yes, advance tax if not paid on or before 15th March of each financial year interest
has to pay. Inference - corollary to section 211(1) (b) w.e.f 1.4.2017.

25 November 2017 The whole amount (100%) of advance tax as reduced by the amount paid in the earlier installments On or before 15Th Mar applicable for Assesse covered u/s 44AD


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