Advance tax

118 views 2 replies
if any person filed his income tax return u/s. 44AD, is he liable to pay advance tax Or not?
Replies (2)

Yes. Assessee is required  to pay the whole amount of his advance tax liability on or before 15th march of FY

1. Advance tax provision will equally be applicable for any person who is opting to pay tax presumptive taxation u/s 44AD. 
2. However, conditions of payment advance tax through installment is not applicable and any person who is payment tax u/s 44AD need to determine his tax liability and pay the entire amount of advance tax within 15th of march of the relevant FY. (only if the tax liability exceeds Rs. 10,000)
3. In your case, Advance tax needs to be paid on or before 15th of march of the relevant FY. 
Please correct me if the above solution has an alternative view. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register