A senior citizen is not liable for advance tax, if he does not get any income from —

CS Executive · Tax Laws and Practice · PYQS · December 2016
A senior citizen is not liable for advance tax, if he does not get any income from —
(A) Interest or securities
(B) Capital gains
(C) Profit and gains from business or profession
(D) All of the above.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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