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ADVANCE TAX PAYMENT IN FY

Tax queries 243 views 4 replies

My mother is a senior citizen and files ITR. Her main income sources are from bank interest and pension.

Q1--Even though senior citizens are exempt from advance tax but still she can pay advance tax voluntarily??

Q2--  can she pay full advance tax in March in one time or rather pay in 4 instalments???

 

Replies (4)
1.yes 2.pay b4 filing returns or in Mar
For 1st yes she can pay.
for 2nd as your choice as advance tax liability does not arise on her. So there is no interest is chargeable u/s 234C.
Yes she can pay advance tax.

You can pay in one time also
When advance tax is not applicable, then, why to pay??


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