1. For non-payment or short payment of advance tax:

2. For deferment of advance tax:

3. Mr A, whose total sales is ₹ 201 lakhs, declares profit of ₹ 10 lakhs for FY 2025-26. He is liable to pay advance tax:

4.

5. Mr Raj (a non-resident and aged 65 years) is a retired person, earning rent of ₹ 40,000 per month from a property located in Delhi. He is residing in Canada. Apart from rental income, he does not have any other source of income. Is he liable to pay advance tax in India?

6. An interior decorator has opted for presumptive taxation scheme u/s 44ADA for AY 2026-27.

7. The benefit of payment of advance tax in one installment on or before 15th March is available to assessees computing profits on presumptive basis:

8.

9. Mr Jha, an employee of FX Ltd, attained 60 years of age on 15.05.2025. He is resident in India during FY 2025-26 and earned salary income of ₹ 5 lacs (computed). During the year, he earned ₹ 7 lacs from winning of lotteries. Compute his advance tax liability for AY 2026-27 assuming that he does not opt to pay tax u/s 115BAC.

10. Mr Jai, a resident Indian aged 60 years, won ₹ 9L and Mr Veeru, resident Indian aged 55 years, won ₹ 8 lakhs from lotteries. Tax deductible at source u/s 194B was duly deducted. Assuming that this is the only source of income of Mr Jai and Mr Veeru for AY 2026-27, are Mr Jai and Mr Veeru liable to pay advance tax for that year?