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Advance tax 2nd installment

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RAKESH A PATEKAR

RAKESH A PATEKAR (Querist)
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12 December 2013 Senior Citizen resident individual is not having income from Business & Profession and is having approx income of Rs.60 lakhs and is liable to pay tax of Rs.16 lakhs (Approx) is she liable to pay Advance Tax for 2nd Installment (Assessment Year 2014-2015)?

Is there any limit for non-payment of Advance Tax for Senior Citizen?

Kindly revert back for the query as soon as possible?

Regards,
Rakesh

CA Hardik Bunha

CA Hardik Bunha (Expert)
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12 December 2013 senior citizen who is a resident and having no business income is exempt from payment of advance tax.

kindly refer amendment.

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