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.
In which of the following year, the United Provinces of Agra and Oudh was created during British rule in India?
Which of the following Indian states has become the first state in India to reach 10 GW of cumulative large-scale solar installations?
Which city is known as the 'Leather City of the World'?
Recently the Union Home Minister Shri Amit Shah inaugurated the 120 feet tall polo statue in which of the following states of India?
What is the rank of India in Network Readiness Index 2022?
What is the name of the currency of Japan?
Consider the following statements about Zupee's partnership with the Gurugram Cyber Police:
1. Zupee partnered with the Gurugram Cyber Police f...
Which is the main function of Jawahar Rozgar Yojana?
It's Girls4Tech programme in India is related to
The swift movement of the falling water droplets along with the rising air create lightning and sound. It is this event that we call a ________________.
