The due date of first instalment of advance tax by assessees other than companies is :
Following the harmonization of advance tax schedules for both corporate and non-corporate assessees (other than those opting for presumptive taxation under Section…
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The due date of first instalment of advance tax by assessees other than companies is :
Answer and explanation
Correct answer B
Following the harmonization of advance tax schedules for both corporate and non-corporate assessees (other than those opting for presumptive taxation under Section 44AD/44ADA), the due date for the first instalment of advance tax (at least 15% of advance tax liability) is 15th June of the financial year.
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UGC NET Commerce