Advance tax
This query is : Resolved
03 November 2014
Sir,
senior citizen exempt from advance tax but if tax payable is more than Rs. 10,000 interest is applicable under section 234B & 234C.
Regards,
Mukesh
senior citizen exempt from advance tax but if tax payable is more than Rs. 10,000 interest is applicable under section 234B & 234C.
Regards,
Mukesh
03 November 2014
no interest applicable under 234B and 234C for senior citizen as per 207(2)
.
.
however above exemption allowed only if income does not include income from business or profession
.
.
however above exemption allowed only if income does not include income from business or profession
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