If a person adopts the presumptive taxation scheme of section 44AE, then is he liable to pay advance tax in respect of income from business covered under section 44AE?

If a person adopts the presumptive taxation scheme of section 44AE, then is he liable to pay advance tax in respect of income from business covered under section 44AE? https://www.taxtmi.com/manuals?id=4375 There is no concession regarding payment of advance tax for persons adopting the presumptive taxation regime under section 44AE; such taxpayers remain liable to pay advance tax on income from the business covered by the presumptive scheme, and adoption of the presumptive computation does not remove or modify the obligation to remit advance tax instalments. en-us Thu, 28 Dec 2023 15:57:00 +0530 Wed, 10 Jan 2024 15:59:00 +0530 TaxTMI RSS Generator If a person adopts the presumptive taxation scheme of section 44AE, then is he liable to pay advance tax in respect of income from business covered under section 44AE? https://www.taxtmi.com/manuals?id=4375 There is no concession regarding payment of advance tax for persons adopting the presumptive taxation regime under section 44AE; such taxpayers remain liable to pay advance tax on income from the business covered by the presumptive scheme, and adoption of the presumptive computation does not remove or modify the obligation to remit advance tax instalments. Manuals Income Tax Thu, 28 Dec 2023 15:57:00 +0530 https://www.taxtmi.com/manuals?id=4375