Penalty on late payment of advance tax
This query is : Resolved
13 July 2019
For senior citizen can the payment of tax approx. on total income including LTCG ( Immovable Property - sale of a flat ) of approx. Rs. 12 Lakhs in FY 2018-19 (19.6.2018) be done at the time of filing returns (31st July 1919)
or it has tobe done earlier ?
and if so , what are the Penalties and Fines ?
I am a senior citizen
or it has tobe done earlier ?
and if so , what are the Penalties and Fines ?
I am a senior citizen
13 July 2019
Charuchandra Kharpate (Querist) 13 July 2019 For senior citizen can the payment of tax approx. on total income including LTCG ( Immovable Property - sale of a flat ) of approx. Rs. 12 Lakhs in FY 2018-19 (19.6.2018) be done at the time of filing returns (31st July 1919) or it has tobe done earlier ? and if so , what are the Penalties and Fines ? I am a senior citizen
13 July 2019
If you have no income from 'business or profession', no need to pay advance tax being a senior citizen.
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