Payment of Self Assessment IT

What is the deadline for payment of Self Assessment Income Tax by a Senior Citizen for the F.Y.2022-23
Replies (5)
Quick Summary
This discussion clarifies the payment deadline for Self Assessment Income Tax for senior citizens for the Financial Year 2022-23, which is 31st July 2023. It also addresses queries regarding advance tax payments for senior citizens without business income and distinguishes between Section 206A (quarterly return filing) and Section 206C (Tax Collected at Source) of the Income Tax Act.

Self assessment tax is to be paid before filing ITR i.e. before 31.07. 2023 for FY 2022-23.

For senior citizens having no business income have no liability to pay any advance tax installments.

Thanks for the prompt reply

@ Honourable Dhirajlal Lal rambhia sir


Dear persons,

section 206 A applicable for TCS tax collected at source


what is the eligibility ??? 

please elabrotely explain me the turnover details


10 crore ??? 50 lakhs too confusing sir

First be clear with sections of IT act..

Sec. 206A is for quarterly return filing while for TCS sec. 206C is there.

Moreover your query seems to quote Sub sec. 206C(1F) of IT act... so clarify.

 

Originally posted by : Subbiah Mathurappan
Thanks for the prompt reply

You are welcome.                           

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