An assessee, who declares his income in accordance with Presumptive taxation regime under Section 44ADA, is required to pay advance tax in :

CS Executive · Tax Laws and Practice · PYQS · December 2021
An assessee, who declares his income in accordance with Presumptive taxation regime under Section 44ADA, is required to pay advance tax in :
(A) One installment
(B) Two installments
(C) Three installments
(D) Four installments

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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