Payment of advance tax is to be made in four installments on or before 15th June, 15th Sept., 15th Dec. and 15th March by the assessee. However the benefit of payment of advance tax in one instalment on or before 15th Ma
CS Executive · Tax Laws · PYQS · December 2021
Payment of advance tax is to be made in four installments on or before 15th June, 15th Sept., 15th Dec. and 15th March by the assessee. However the benefit of payment of advance tax in one instalment on or before 15th March is available to an assessee who is computing profits on presumptive basis ............ of the Income Tax Act, 1961.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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