advance tax on presumptive taxation

sir
do have to pay advance tax on IT filed under presumptive taxation
Replies (5)
the eligible assessee is required to pay advance tax by 15th March of the financial year
Advance Tax is not applicable ,who have opted for presumptive taxation ,as per section 211 of sub clause a) and b) the Income Tax act 1961 , please confirm. with others also .
advance tax payable
section 211(b) an assessee who declares profit and gain in accordance with the provision of section 44AD(1) or section 44ADA (1) , to the extent of the hole amount of advance tax , during each financial year on or before 15th March

means on or before 15th March of that financial year
finance act, 2017 with effect from 1st April, 2017 i.e., AY 2017-18 and previous year 2016-17

provided : that any amount paid by way of advance tax on or before the 31st day of march shall be treated as advance tax paid during the financial year ending on that day for all the purposes of this act
Mohammed sir in clause a) it has been mentioned that advance tax shall be payable by all the assessees other than referred in caluse b and caluse b is mentioned in bracket about 44Ad & 44AdA
yes, section 211(a) is applicable to all assessee EXCEPT THOSE ELIGIBLE FOR section 44AD and 44ADA
section 211(b) is applicable for those assessee who is eligible u/s 44AD and 44ADA

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details