Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Income Tax This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

Applicability od section 44AD of Income tsc, Income Tax

Issue Id: - 110423
Dated: 29-5-2016
By:- ashok singhee

Applicability od section 44AD of Income tsc


  • Contents

I am a senior citizen and have following incomes:

1.Business income under presumptive tax of 8%

2.Rent from commercial property (TDS deducted)

3.Interest on savings(TDS deducted)

My query is:

Since I have opted for section 44AD, do I still need to pay advance tax in all four /one instalments because of other incomes than business (rent and interest) ,?( Being senior citizen, I am not required to pay advance on income other than business.)

Posts / Replies

Showing Replies 0 to 0 of 0 Records

No Post / Reply found for this query

Old Query - New Comments are closed.

Quick Updates:Latest Updates