Question

    Which of the following assessee is not liable to pay

    advance tax u/s 207?
    A A senior citizen having income chargeable under the head ‘profits and gains of business or profession’ Correct Answer Incorrect Answer
    B A senior citizen not having in-come chargeable under the head ‘profits and gains of business or profession’ Correct Answer Incorrect Answer
    C A super senior citizen having in-come chargeable under the head ‘profits and gains of business or profession’ Correct Answer Incorrect Answer
    D A resident individual not being senior citizen having income chargeable under the head ‘profits and gains of business or profession’ Correct Answer Incorrect Answer

    Solution

    A senior citizen not having in-come chargeable under the head ‘profits and gains of business or profession’ is not liable to pay advance tax u/s 207

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