Advance tax amendment allows revised advance tax demand after later assessment, payable in specified instalments. The substituted subsection authorises the assessing officer to make an amended order requiring payment of advance tax, computed on the total income determined by a later regular or provisional assessment made after the original advance-tax order and reduced by amounts paid under that original order, payable in one instalment on a specified date or in equal instalments on specified dates following the amended order.
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Advance tax amendment allows revised advance tax demand after later assessment, payable in specified instalments.
The substituted subsection authorises the assessing officer to make an amended order requiring payment of advance tax, computed on the total income determined by a later regular or provisional assessment made after the original advance-tax order and reduced by amounts paid under that original order, payable in one instalment on a specified date or in equal instalments on specified dates following the amended order.
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