Advance Payment of Tax [Section 207-211, 218, & 219]


Table of Contents

o    (A)   [Section 207(1)]- Advance tax payable on current income

o    (B)   [Section 207(2)]- Senior citizen not required to pay advance tax

o    (A)   Computation and Payment of Advance Tax where the calculation is made by the assessee himself [Section 209(1)(a) and (d)]

o    (A) By the Assessee on his own accord under section 210(1):

§  [Section 210(2)]- Increase or decrease of subsequent instalments:

o    (B) Payment of advance tax in pursuance of an order / amended order of Assessing Officer under sections 210(3) and 210(4):

§  Computation of tax by Assessing Officer [Section 209(1)(b) read with section 209(2)(a)]:

o    [Section 210(4)]- Amendment of Order for payment of Advance Tax:

o    [Section 210(5) and Rule 39]- Assessee can submit his own estimate if its current income is likely to be lower:

o    [Section 210(6)]- Assessee to par advance lax on his own estimate if its current income is likely to be higher:

o    [Section 209(2)]- Net agricultural income to be taken into account for computing advance tax:

§  Which year’s agricultural income is to be included in the current income for computing advance lax:

o    (1)   [Section 211(1)(a)]- Due date of instalments of advance tax payable by all Assessees other than covered under section 44AD or 44ADA:

o    (2) [Section 211(1)(b)]- Advance tax payable by the Assessee covered under section 44AD or 44ADA:

§  Marginal Relief :

§  Health and Education Cess (H&EC) :

 

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