# advancetax
12 posts in `advancetax` tag

Advance Tax Guide for Presumptive Taxation Users (Sec 44AD/44ADA)
This blog explains how opting for presumptive taxation under Sections 44AD (businesses) and 44ADA (professionals) simplifies Advance Tax obligations, requiring only a single payment by March 15th instead of quarterly installments. It covers eligibility, calculation, and non-compliance consequences.

Avoid Penalties: The Advance Tax Guide for Indian Influencers (2025)
This guide explains the concept of Advance Tax and its applicability to Indian content creators (YouTubers, bloggers, influencers) for the Financial Year 2025-26. It details how to calculate the liability, discusses the Presumptive Taxation scheme (Sec 44AD/44ADA), outlines payment due dates and methods (Challan 280), explains penalties for non-compliance (Sec 234B/234C), and provides practical tips for creators to manage their tax obligations effectively.
.jpg)
Last Call for Advance Tax: Fourth Installment Deadline - March 15th, 2025 Explained
The fourth installment of Advance Tax is due March 15th, 2025. This blog explains what Advance Tax is, who is required to pay it, how to calculate it, and the implications of missing the deadline. Stay informed and avoid penalties by following our detailed advice.
.jpg)
TDS vs. Advance Tax: Essential Differences, Penalties, and Compliance Tips for Taxpayers
This blog discusses the fundamental distinctions between TDS (Tax Deducted at Source) and Advance Tax, as well as their application, payment schedules, and penalties for late payments. It also offers specific advice for taxpayers to stay compliant and avoid fines. Whether you're a salaried employee, freelancer, business owner, or investor, this guide will help you understand which taxes apply to you and how to handle your tax payments efficiently.
.jpg)
TDS Thresholds and Rationalization: What It Means for Your Cash Flow
This blog examines TDS rationalization in India, its effects on liquidity, and the advantages it offers to professionals, companies, and people. It discusses current developments, difficulties, and tax planning techniques for the 2025–2026 fiscal year.

Never Miss a Deadline: March 2025 GST and Income Tax Compliance Dates
This blog offers a thorough rundown of the TDS, advance tax, and GST reporting dates as well as the March 2025 income tax and GST compliance deadlines. This thorough guide will help you stay in compliance and stay out of trouble.
.jpg)
How Section 44AD Helps Small Businesses Save Time and Money on Taxes
Section 44AD of the revenue Tax Act provides a presumptive taxation structure for small enterprises in India, enabling them to report revenue based on a specified proportion of sales. This blog discusses eligibility, benefits, income computation, and how it makes tax compliance easier by eliminating the need for comprehensive recordkeeping and tax audits.

Important Dates for December 2024 Income Tax and GST Compliance
Businesses and taxpayers need to be on the lookout for important income tax and GST compliance deadlines in December 2024 as the year draws to a close. Financial stability may be impacted by penalties and interest for missing deadlines. To help you stay organized and avoid penalties, this blog offers a comprehensive chart of all significant compliance dates.

Getting to Know India's Advance Tax System
This blog covers the fundamentals, advantages, and deadlines of India's advance tax system in great depth. It also provides advice on how to maintain tax law compliance and describes the repercussions of failing to pay advance tax. This tutorial will assist both individuals and businesses in comprehending and navigating India's complex tax structure.
.jpg)
September 2024 important Income Tax Deadlines: Continue to Comply and Avoid Penalties
For taxpayers and tax experts, September 2024 is a crucial month because it has multiple important income tax deadlines. This blog offers a thorough summary of all important deadlines, ranging from TDS/TCS deposit and certificate issuing to advance tax payment and filing tax audit reports. This handbook guarantees that you remain compliant and keep out of trouble with a convenient chart for easy reference. It is essential for efficient tax management, regardless of whether you are an individual taxpayer or a business owner, to comprehend these deadlines.

Understanding Sections 234A and 234B of the Income Tax Act, 1961
This blog provides a comprehensive overview of Sections 234A and 234B of the Income Tax Act, 1961. It explains the interest levied for defaults in filing income tax returns and advance tax payments, their implications, and key differences. The blog also offers practical tips for taxpayers to ensure compliance and avoid penalties.

Advance Tax First Instalment Payment Deadline: Who Has to Pay, Penalty for Missing Last Date
Advance tax is an essential part of the Indian tax system, requiring certain taxpayers to pay their taxes in instalments throughout the year. This blog explains who needs to pay advance tax, the deadlines for payments, how to calculate and pay it, and the penalties for missing the payment deadlines. Understanding these aspects helps ensure compliance and avoid interest charges.