Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182446 Points)
Replied 04 December 2024
For senior citizens, not having any business or professional income, there is no advance tax liability, he/she can pay the tax anytime on or before filing return u/s. 139(1), without paying any interest or penalty.
Ayush
(Executive )
(6985 Points)
Replied 04 December 2024
Senior citizens i.e., age 60 years or above are exempted from paying advance tax if they do not have any income from business or profession.
If "Already Realised" STCG + LTCG - You can pay tax while filing your tax return, without attracting interest or fine.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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