We have a pvt. ltd. company in IT service. annual turnover for fy 2018-19 will be within 2 crore. Should i pay advance corporate tax in 4 installments or can i pay the corporate tax within 31st march in 1 installment? please advice.
15 June 2018
Have you opted for presumptive tax U/S 44AD?If.so,you income is presumed @8% on your turnover i.e.Rs.1600000/-& on that you can pay income tax before 15th March,2019
Expert :
Anonymous
Expert :
Anonymous
(Expert)
15 June 2018
Yes... You can pay installment wise or Whole amount in single pay before 15th March 2019...
Expert :
Anonymous
Expert :
Anonymous
(Expert)
15 June 2018
Yes... You can pay installment wise or Whole amount in single pay before 15th March 2019..
By -
RAJA P M...
16 June 2018
Company not eligible to adopt presumptive. Income , you have to pay advance tax first installment by 15th June 2018. The following persons or individuals are eligible to avail of the presumptive taxation scheme under section 44AD
Any individual who is a resident of India Hindu Undivided Families (HUFs) who are residents of India A partnership firm that is resident to India
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