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.
Menu
Advance tax installment for 44AD
Replies (6)
Which assesment year?
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
Yes... I agreed to Mr EshIta shah.
Thanks Esh*ta ji... just want to confirm even if he has salary income still 15th march will be the due date of advance tax.. right?
Section 44ad is only for pgbp.
if he has salary income then pay the advance tax on salary only.... in 4 installment...
and pay adv. tax in 1 installment for pgbp if eligible for 44ad...
if he has salary income then pay the advance tax on salary only.... in 4 installment...
and pay adv. tax in 1 installment for pgbp if eligible for 44ad...
I agree with Mr.Prabir Paul.
Recent Topic
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
Related Topics
CAclubindia
