I successfully filed my taxes under 44ADA for AY 22-23. I want to file my tax for AY23-24 now. I have two major questions.
- For AY23-25, do I have to pay advance tax (100% of my total tax) by 15th March 2023 or 2024? Which year?
- If I have to pay it by 15th March 2023, I should go to the income tax website and pay advance tax for AY23-24. But I distinctly remember that for AY22-23, I could file my tax using the “File now” button where I could select ITR 4 and section ADA. Fill my income information and the website would calculate my tax for me. But this year I don’t have a file now button it only says “File Revised Return” on the main dashboard. Is it because it will update after March 15th or March 31st March 2023 (End of FY)
Further, anyone opting for this scheme is not bound by the mandate of maintaining books of accounts too. While he is also liable to file his return by 31 July of the assessment year, he must file his return in ITR 4.
They say I have to file it by 31st July 2024. What am I missing? I’m very confused. Thank you for your time!