Tag Archives: advance tax u/s 44ada for professionals

Professionals allowed to pay advance tax in single installment w.e.f AY 2017-18 u/s 44ADA

By | February 13, 2017

Professionals allowed to pay advance tax in single installment [Section 211 and 234 of Income tax Act – Applicable from Assessment Year 2017-18 ] Relevant extract from Budget Speech on Union Budget 2017-18 on 01.02.2017 171. Last year, I had announced a new scheme for presumptive taxation for professionals with receipt upto Rs. 50 lakhs… Read More »