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Applicability od section 44AD of Income tsc, Income Tax

Issue Id: - 110423
Dated: 29-5-2016
By:- ashok singhee

Applicability od section 44AD of Income tsc


  • Contents

I am a senior citizen and have following incomes:

1.Business income under presumptive tax of 8%

2.Rent from commercial property (TDS deducted)

3.Interest on savings(TDS deducted)

My query is:

Since I have opted for section 44AD, do I still need to pay advance tax in all four /one instalments because of other incomes than business (rent and interest) ,?( Being senior citizen, I am not required to pay advance on income other than business.)

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