Q610
Every person whose estimated tax liability for the year is Rs. 10,000 or more is liable to pay advance tax. However, a resident senior citizen (i.e., an individual of the age of 60 years or above during the relevant financial year) not having any income from business or profession is:
A.
not liable to pay advance tax
AnswerB.
liable to pay tax
C.
dependent upon income whether to pay tax or not
D.
No set rule is there
Answer: Option A
Solution
Answer: Option A
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