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.
Consider the following statements with reference to the features of Himalayas:
1. These mountains are tectonic in origin.
2. These are you...
Which of the following are reasons for frequent floods in regions surrounding Assam?
1. Brahmaputra River unloads huge sediment in the region bro...
Crop sown soon after the onset of south-west monsoon in India, what is this called?
Sink hole is the Phenomenon of which type of topography?
Which lake in India is known as the largest lagoon?
Another name of Carborundum is
Arrange the following mountain ranges from North to South.
1. Vindhya Range
2. Ajanta range
3. Satpura range
4. Nal...
Which region of the Earth is known as the "Ring of Fire"?
Which of the following physiographical features were formed when the Indo-Australian plate and the Eurasian plate converged?
1. Trans-Himalayas
Which state is the largest producer of Uranium in India?
