Site navigation

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…

Choose your answer

The due date of first instalment of advance tax by assessees other than companies is :

Select one answer
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.

Practice for these exams

  • UGC NET Commerce

Related question papers

Related exam syllabi

Related questions in this topic