I am a paying tax under section 44AD ie. 8% of my turnover is declared as profits and pay thereafter.
I am not covered under section 44AB for income tax audit.
What is the due date to pay advance tax and how much advance tax should be paid?
Due date to pay advance tax for tax payers paying under section 44AD is 15 March every financial year and you should pay 100% of your tax liability for the year as advance tax.
Compared to normal tax payers, for tax payers paying under section 44AD due date is March 15 and not four installments.
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