Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 September 2017
Sir,
Whether the Assesse has to pay advance tax after considering the amount of relief(Rs. 5000?) ?
Whether the Assesse has to pay advance tax after considering the amount of relief(Rs. 5000?) ?
11 September 2017
No. While making payment of Advance Tax Rs 10000 not to be considered. Only if Tax Liability of a Tax Payer is Rs 10000/- or below, he is not required to pay any advance tax.
Further, Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax.
Further, Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax.
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2017
Sir , My Queston is whether one has to pay advance tax if his tax liability is below Rs.10,000 after claiming the relief of Rs. 5000? before claiming the relief the tax liability is Rs, 10384.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
