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Applicability of section 234c

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(Querist)
27 May 2013 Sir, please tell whether Section 234C is applicable on income u/s 44AD ?????
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
27 May 2013 No it is specifically exempted.
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Ganeshbabu K

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Ganeshbabu K (Expert)
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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