Liability to pay advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2015
Case : Mr. X, aged 50 years, has income from PGBP u/s 44AD amounting to Rs. 5,00,000 and rental income amounting to Rs. 2,00,000 in F.Y. 2015-16. Is he liable to pay advance tax?
07 July 2015
yes in this case advance tax is applicable.
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