234 B and C
Dheeraj Sharma (11 Points)
03 December 2019
is 234b and 234 c applicable for senior citizens resident of india and having income from LTCG ?
3 Replies
Kapadia Pravin
(17264 Points)
Replied 03 December 2019
No,
Not applicable provided he doesn't have income under PGBP
Not applicable provided he doesn't have income under PGBP
AKASH DHANUKA
(42 Points)
Replied 03 December 2019
No the chapter of Advance tax for resident senior citizen is not applicable provided they don't have any income chargeable under the chapter of PGBP
Shivam RC
(Student)
(23683 Points)
Replied 05 December 2019
No not applicable.
As per the Provision of Section 207(1) and 208 of the Income Tax Act 1961, liability for payment of ADVANCE TAX arises only when the Advance Tax payable is Rs. 10,000 or more. However Resident Senior Citizens, having no income under the head PGBP, are not required to pay Advance Tax.
As per the Provision of Section 207(1) and 208 of the Income Tax Act 1961, liability for payment of ADVANCE TAX arises only when the Advance Tax payable is Rs. 10,000 or more. However Resident Senior Citizens, having no income under the head PGBP, are not required to pay Advance Tax.
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