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Question

Which of the following statements is correct?

A When the advance tax liability of the assessee is ₹30,000 or more, the assessee should pay such tax in the previous year itself within the due date.
B When the advance tax liability of the assessee is ₹10,000 or more, the assessee should pay such tax in the previous year itself within the due date.
C When the advance tax liability of the assessee is ₹5,000 or more, the assessee should pay such tax in the previous year itself within the due date.
D When the advance tax liability of the assessee is ₹50,000 or more, the assessee should pay such tax in the previous year itself before 31 March of the respective year.
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