Dear Sir/madam
What is the due date of advance tax if a person is opting presumptive taxation under 44AD and he also earns salary income.
Ruchi Vadhavana (12 Points)
05 May 2020
Eshita S Shah
(Practicing CA )
(75 Points)
Replied 05 May 2020
Any person opting for the presumptive taxation scheme under section 44AD is liable to pay whole amount of advance tax on or before 15thMarch of the previous year. If he fails to pay the advance tax by 15th March of previous year, he shall be liable to pay interest as per section 234C
RAJA P M
("Do the Right Thing...!!!")
(127058 Points)
Replied 05 May 2020
Ruchi Vadhavana
(12 Points)
Replied 05 May 2020
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 05 May 2020
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