234b
This query is : Resolved
Prateek Darda
(Querist)
23 July 2013
If a senior citizen having loss from business or say no profit no loss and having rental income whether section 234b is applicable..rply fast please
Ganeshbabu K
(Expert)
23 July 2013
As per section 207(2) The provisions of Advance tax shall not apply to an individual resident in India, who—
(a) does not have any income chargeable under the head "Profits and gains of business or profession"; and
(b) is of the age of sixty years or more at any time during the previous year.
Thanks & regards
Ganesh babu k
(a) does not have any income chargeable under the head "Profits and gains of business or profession"; and
(b) is of the age of sixty years or more at any time during the previous year.
Thanks & regards
Ganesh babu k
23 July 2013
the above expert havent given the answer to the auhtor's querry.
the ans to the querry is yes as in querry it has been stated that such senior citizen has busines loss or profit.
the ans to the querry is yes as in querry it has been stated that such senior citizen has busines loss or profit.
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