Applicability of section 234c

This query is : Resolved 

27 May 2013 Sir, please tell whether Section 234C is applicable on income u/s 44AD ?????

27 May 2013 No it is specifically exempted.

27 May 2013 Advance tax need not be paid on the presumptive income vide sec.44AD(4),

Hence 234B and 234C does not apply on that income




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