As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of “advance tax”. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer. Person not liable to pay advance tax As discussed above, 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 not liable to pay advance tax.
O, P, Q, S, T and V are standing in straight line facing north. Who among the following is between S and V?
I. V stand second to the right of S. ...
Eight boxes M, N, O, P, Q, R, S and T are kept one above the other, such that the bottommost box is numbered as 1, the box above it is numbered as 2 and...
Seven persons namely – Reena, Heena, Gautam, Ziyana, Hari, Rohit and Jyoti are sitting in a row not necessary in same order in such a way that some a...
In a certain code, if ‘5 6’ means ‘that ball’, what do ‘5’ and ‘6’ mean respectively in that code?
Statement I:‘4 6 9’ ...
There are eight persons F, G, H, I, J, K, L and M with different heights. Who is the third shortest person?
Statement I: F is shorter than onl...
How V is related to U?
I. V is the sister in law of E who is the daughter in law of U who is wife of G.U has only one son
II. U is...
Seven persons A, B, Y, Z, M, N and G sit around a circular table facing towards the centre. Who sits immediate right of N?
Statement I: G sits ...
In the family of five members there are two married couples and three generations, who is the wife of F?
I. F is the only child of E and D. G i...
Who among the following sits fourth to the right of E’s sister?
Seven boxes H, I, J, K, L, M and N are kept one above another in a stack from bottom to top. How many boxes are kept between K and I?
Statemen...
