Advance tax definition and expanded statutory definitions clarify assessing officer roles, company status and tax recovery powers.

Amendments to section 2 insert and renumber definitions: a new definition of advance tax, expanded officer definitions (Assessing Officer, Assistant Commissioner, Deputy Commissioner, Deputy Commissioner (Appeals), Chief Commissioner, Director General or Director, Income-tax Officer), and corporate status definitions for domestic company and foreign company. The maximum marginal rate is defined; numerous clauses are omitted, substituted or renumbered; cross-references and sub clause wording (including clause (24) sub-clause (iia) and clause (37A)) are revised. Many changes take effect from 1 April 1988 and the definition of Tax Recovery Officer is restated to reflect authorisation by senior tax officials.

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