Poonawalla fincorp
Poonawalla fincorp

44ad & 234b, c relevance

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2014 If the assessee claims profits and gains lower than the profits and gains so deemed u/s 44AD and his income exceeds the maximum amount chargeable to tax (assessee gets his accounts audited u/s 44AB). Whether provisions of advance tax applicable to him.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 September 2014 yes. once you get yourself out of 44AD, 234B and 234C become applicable.

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