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    Question

    U/s 208, it is obligatory for an assessee to pay advance

    tax where the tax payable is
    A 10,000 or more Correct Answer Incorrect Answer
    B 20,000 or more Correct Answer Incorrect Answer
    C 5,000 or more Correct Answer Incorrect Answer
    D 8,000 or more Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    As per section 208 of the Income Tax Act, it is obligatory for an assessee to pay advance tax if the tax payable after considering TDS (Tax Deducted at Source) is 10,000 or more in a financial year.

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