Senior citizen timing of tax payment
This query is : Resolved
24 October 2012
Can senior citizen having annual income of Rs 8 lac DUING FY 2012-13comprising of pension,mutual fund dividend,bank interest pay his income tax in JUNE/JULY 2013 WHILE FILING RETURN WITHOUT ATTRACTING ANY PENALTY OR INTEREST?
This I am asking since advance tax is not to be paid by senior citizens who don't have any
buisiness or professional income as prescribed in last finance bill passed during Pranab mukherjee's tenure.
Kindly reply at the earliest.
This I am asking since advance tax is not to be paid by senior citizens who don't have any
buisiness or professional income as prescribed in last finance bill passed during Pranab mukherjee's tenure.
Kindly reply at the earliest.
24 October 2012
Need not pay advance tax for financial year 2012-13 and subsequent years by virtue of section 207(1) / (2) meaning thereby return can be filed on or before 31st July by paying tax at that time with out attracting interest / penalty.
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