Advance tax purposes profit accepted in it act
This query is : Resolved
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Kollipara Sundaraiah
(Querist)
10 March 2022
Sir,
A professional income sec 44ab it person Gross receipts collections from patients rs:2.50 crores up to February-22.if profit estimated rs:25 lacs in f.y.21-22.
Question:
Assessess advance tax purposes payment on estimated profit rs:25 lacs correct in it act or estimated profit any increased compulsory.
A professional income sec 44ab it person Gross receipts collections from patients rs:2.50 crores up to February-22.if profit estimated rs:25 lacs in f.y.21-22.
Question:
Assessess advance tax purposes payment on estimated profit rs:25 lacs correct in it act or estimated profit any increased compulsory.
CA R SEETHARAMAN
(Expert)
11 March 2022
For advance tax purposes payment on estimated profit rs:25 lacs is correct in it act.
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Kollipara Sundaraiah
(Querist)
11 March 2022
sir, fees collections rs:2.50 crores minimum profit show in it act sec 44ab person.
CA R SEETHARAMAN
(Expert)
11 March 2022
Show profit based on your savings in bank account and your investment.
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