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Advance TAX for section 44ADA

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Shanthi

Junior Student

234 Points Posted on 17 February 2024

Hello Everyone

I want to pay advance tax for section 44ADA

Please let me know whether the chosen values are correct?

Assessment Year * 2024-25

Financial Year is 2023-24

for the selected

Assessment Year 2024-25

Type of Payment (Minor Head) * Advance Tax (100)

Tax Applicable (Major Head) is Income Tax (Other than Companies)(0021)

Thanks

Shanthi

Replies (5)

Quick Summary

This discussion clarifies the correct procedure for paying advance tax under Section 44ADA. It confirms the appropriate Assessment Year (2024-25) and Financial Year (2023-24) for such payments. The thread also validates the minor head 'Advance Tax (100)' and the major head 'Income Tax (Other than Companies)(0021)' for non-corporate entities.