Question

An eligible professional opting for the presumptive taxation scheme under Section 58A is required to pay their entire Advance Tax liability in how many installments?

A Four equal installments throughout the year
B Two installments (September 15 and March 15)
C Three installments (June 15, December 15, and March 15)
D A single installment on or before March 15
E Presumptive taxpayers are entirely exempt from advance tax obligations
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