Question
Who among the following assesses is NOT liable to pay
advance tax?Solution
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.
Three Statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varianc...
Statements:
No book is a pencil.
All books are boards.
All boards are dusters.
No eraser is a duster.
...
Statements: Some windows are door.
Some door are watch.
Conclusions: I. Some windows a...
Statements:
Every universe is earth.
All sun are moon.
No universe is sun.
Conclusions:
I. A few moon are universe.
II. No earth is moon.
Statements:
Only White are Grey
No Blue are Black
All Blue are White
Conclusion:
I. Some Blue can be Grey
Statements:
All tomatoes are potatoes.
All potatoes are onions.
Conclusions:
I. Some potatoes are tomatoes.
II. All tomatoes are onions.
Conclusions:
I. All Writers can be Novels.
II. Some Novels are not Magazines.
Statements:
Statements:
At least some blue are red.
Some black are pink.
Every red is black.
None pink is green.
Conclusions:
...- Statements:
All Flowers are Fruits.
Only a few Fruits are Vegetables.
No Vegetable is Carrot.
Conclusions:
I. All Flower... Statements:
Some Marble are Colour
Only a few Colour is Tile
Only Tile is Floor
Conclusions:
I. All Tile being Colour...
