https://www.taxtmi.com/forum/issue?id=120783 Advance tax liability for a senior citizen individual is considered where income consists only of exempt share of profit from a partnership firm under Section 10(2A) and no taxable PGBP income exists in the individual's hands. The discussion also covers a case of business loss with no taxable PGBP income. The stated position is that advance tax liability under Section 208 does not arise, and consequential interest for default in advance tax is also not leviable. en-us Fri, 27 Feb 2026 16:37:03 +0530 Sat, 09 May 2026 14:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120783 Advance tax liability for a senior citizen individual is considered where income consists only of exempt share of profit from a partnership firm under Section 10(2A) and no taxable PGBP income exists in the individual's hands. The discussion also covers a case of business loss with no taxable PGBP income. The stated position is that advance tax liability under Section 208 does not arise, and consequential interest for default in advance tax is also not leviable. Discussion-Forum Income Tax Fri, 27 Feb 2026 16:37:03 +0530 https://www.taxtmi.com/forum/issue?id=120783