44ad advance tax liability

FY 2018-19 I have opted in for Section 44AD

FY 2019-20, should I pay Advance Tax by 31 March 2020?

Each business transaction value < 10,000 . Hence no TDS deduction

Am I liable to pay Advance tax if  Gross Receipt < 2.5 Lakh

Thx

Replies (3)
Advance tax liability arises when your estimated tax liability for the year exceeds ₹10000

1. The only basic condition imposed for payment of advance tax is "if the tax liability exceeds Rs. 10,000". Advance tax liability as per sec 208 will also be applicable to any person who decided to pay tax under presumptive taxation scheme under sec 44AD or sec 44ADA. 
2. In your case since the gross receipts are only Rs. 2.5 lakhs hence there will not even be a tax liability. Hence payment of advance tax does not arise in the given case. 
Please correct me if the above solution has an alternative view. 

No advance tax to be paid as you estimate gross receipts < 2.5 lakh. You review your estimate in Mar 2020 and decide accordingly

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