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

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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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