Wednesday, June 26, 2013

SR. Citizens are not liable to pay advance I.Tax

I.Tax
SR. Citizens are not liable to pay advance Tax
Amendment by Finance Act 2012
Ist amendment
Advance Tax is not payable by:
-An individual
-resident in India
-Who does not have any income Chargeable under the head “Profits &gains From Business or Profession
- and he is of age 60 years or more at any time during the previous year


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