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      Question

      U/s 208, it is obligatory for an assessee to pay advance

      tax where the tax payable is
      A 10,000 or more Correct Answer Incorrect Answer
      B 20,000 or more Correct Answer Incorrect Answer
      C 5,000 or more Correct Answer Incorrect Answer
      D 8,000 or more Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      As per section 208 of the Income Tax Act, it is obligatory for an assessee to pay advance tax if the tax payable after considering TDS (Tax Deducted at Source) is 10,000 or more in a financial year.

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