Advance tax is not required to be paid by:

CS Executive · Tax Laws · PYQS · December 2023
Advance tax is not required to be paid by:
(A) a firm of individuals
(B) company giving donations to political parties
(C) an individual of age 60 years or more and not having any income from business profession
(D) Limited Liability Partnership

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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