06 June 2018
MY MOTHER AGED 88 YEARS HAS PENSION AND INTEREST FROM BANK FDs. AFTER ADJUSTING TDS IN I TAX RETURN ITR-1 HAS A TAX LIABILITY FOR AY 2018-19 FOR RS.11000/- BEFORE SUBMITTING ITR SHE WILL PAY THE LEGITIMATE TAX AMOUNT THROUGH NET BANKING. MY QUESTION IS WEATHER SHE ALSO WILL HAVE TO PAY interest u/s 234B & 234C OR ANY PENALTY? PLEASE GUIDE. REGARDS
07 June 2018
senior citizen will not have to pay advance tax provided the following conditions are fulfilled:
The senior citizen is an individual The senior citizen in question is a resident of India The senior citizen is an individual who is at least 60 years or more in age The senior citizen does not earn any income that can be charged under the heading - Profits and gains of business or profession
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