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Advance tax_senior citizen
whether interest under section 234b is applicable on senior citizens who are exempt from depositing advance tax?
Replies (2)
Yes, in case there is income from PGBP.......
Advance tax provision shall not apply to senior citizens who do not have income chargeable under "profit and gains of business or profession" hence the applicability of 234B does not arises.if a person has income under the same head 234B shall be applicable.
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