Presumptive taxation advance tax: full liability payable in a single instalment before the fiscal year start under presumptive provisions. An assessee who opts for the presumptive taxation scheme may pay the entire advance tax liability in a single instalment on or before March 15 of the previous year, thereby meeting advance tax obligations in one payment instead of periodic instalments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Presumptive taxation advance tax: full liability payable in a single instalment before the fiscal year start under presumptive provisions.
An assessee who opts for the presumptive taxation scheme may pay the entire advance tax liability in a single instalment on or before March 15 of the previous year, thereby meeting advance tax obligations in one payment instead of periodic instalments.
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