Advance Tax - Condition of liability to pay Advance Tax - Section 208

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..... [ Section 208 ] Section 208 of the Income Tax Act states that each and every taxpayer or assessee, who s tax liability for the year prior to the assessment year is more than ₹10,000, is liable t .....

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..... e assessee during that year is ₹10,000 or more. Where the assessee is carrying on a business referred to in section 44AD , on presumptive basis at the rate of 8% of turnover, shall be exempted f .....

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