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ADVANCE TAX- APPLICABILITY FOR PAYMENT OF ADVANCE TAX [Section 207]

Income Tax - Payment of Taxes and Interest - 02 - APPLICABILITY FOR PAYMENT OF ADVANCE TAX [Section 207] As per the various provisions of advance Tax (sections 208 to 219), tax shall be payable in advance during the financial year in respect of the t .....

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year 2016-17 shall be charged to tax in the assessment year 2017-18. But the assessee is required to pay tax, in advance, on the taxable income of the financial year 2016-17 during the financial year 2016-17 itself. Senior citizen not required to pay .....

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more at any time during the previous year MEANING OF CURRENT INCOME AS MENTIONED IN ADVANCE TAX Current Income will include all items of income. It includes capital gains (both long term and short term), winnings from lotteries, crossword puzzles, et .....

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