Menu
Advance tax for senior citizens
Hi,
If the assessee is a senior citizen and has speculation income from F&O along with interest income, is he still liable to pay advance tax considering that income from business & profession and income from speculation business are different concepts otherwise from tax perspective.
Thanks
Replies (2)
No separate concept. Its assessed under PGBP, and hence advance tax liability arises.
income from f & o is treated as non speculative business Income and advance tax liability arises.
Recent Topics :
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
Related Topics :
CAclubindia
