WHAT IS SECTION 208? FROM WHEN IT IS APPLICABLE?
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SECTION 208
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Section 208 of Income Tax Act 1961 is regarding Advance Payment of Tax wherein every assessee who has a tax payable of Rs. 10000 or more shall pay Advance Tax in the number of instalments as applicable to him. The only exception to Advance Tax is the assessee opting for Section 44AD. This exception is effective from A.Y. 2011-2012
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