📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question