Advance tax 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2016 Dear All
I have opt sec 44AD to file my IT return pls let me know will i have to pay advance tax for FY 2016-17 under 44AD

Thanks,
Shyam

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

05 October 2016 Yes you are liable to pay advance tax if you opt sec 44AD, in one lump sum on or before 15th March 2017.

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2016 Sir, due date will be same 15 sep, 15 dec, 15 march, right...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

05 October 2016 No, single due date on 15th March for 100% advance tax payment.

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2016 Sir. Pls clarify as i have opt sec 44AD can i claim the deduction of 80C and housing loan interest in the same return which is to be filed u/s 44AD

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

06 November 2016 Yes you can claim 80C deduction.

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2016 And housing loan interest deduction sec 24B,

Also let me know which ITR form will be filed weathet 4 or 4S

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

06 November 2016 Yes housing loan interest also cam be claimed. File ITR 4S.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now