Advance tax liability arises when annual tax payable meets the statutory threshold, triggering required advance payments. Advance tax is payable during a financial year where the amount of tax payable by the assessee for that year, as computed under this Chapter, is ten ... Summary
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Advance tax liability arises when annual tax payable meets the statutory threshold, triggering required advance payments.
Advance tax is payable during a financial year where the amount of tax payable by the assessee for that year, as computed under this Chapter, is ten thousand rupees or more; the provision establishes liability based on the computed annual tax and functions alongside other provisions that specify categories and thresholds.
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