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Advance tax purposes profit accepted in it act

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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

Kollipara Sundaraiah (Querist)
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11 March 2022 sir, fees collections rs:2.50 crores minimum profit show in it act sec 44ab person.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 March 2022 Show profit based on your savings in bank account and your investment.

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