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<h1>Advance Tax liability: threshold-based payment obligation and presumptive 44AD exemption simplifies advance tax compliance for certain taxpayers.</h1> Section 208 imposes an advance tax liability when a taxpayer's computed advance tax obligation during the financial year meets the statutory minimum, requiring payment during the year; income declared on a presumptive basis under the presumptive taxation regime for eligible businesses is exempt from advance tax for that presumptive income.