Question
Who among the following assesses is NOT liable to pay
advance tax?Solution
As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of “advance tax”. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer. Person not liable to pay advance tax As discussed above, every person whose estimated tax liability for the year is Rs. 10,000 or more is liable to pay advance tax. However, a resident senior citizen (i.e., an individual of the age of 60 years or above during the relevant financial year) not having any income from business or profession is not liable to pay advance tax.
Which component in the CPU is responsible for fetching instructions from memory and incrementing the program counter?
In a circuit with n mesh currents, how many essential KVL equations are written when performing mesh analysis?
In a pipelined CPU design, what is the purpose of the instruction pipeline?
What is the role of the catch block in exception handling?
What is the purpose of the Index Manager in RDBMS architecture?
Which scheduling policy may result in high waiting times for long-running jobs?
A read bit can be read
How many dimensions are selected in dice operation?
The time taken by a single bit to travel around the ring is known as ___?
Which of the following synchronization mechanisms provides a more structured approach to synchronization, allowing only one thread to access a resource...
