Advance Tax Due Date For Paying Tax Under Section 44ad

watch_later 10 months, 1 week ago

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?

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1 Answer

GST Payer watch_later 10 months, 1 week ago

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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