TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 209A: Compute and Pay Advance Tax if Current Income Exceeds Limit; Adjust Payments as Income Estimates Change.</h1> Section 209A of the Income-tax Act, introduced by the Finance Act, 1978, mandates the computation and payment of advance tax by individuals whose current income exceeds a specified amount. Taxpayers must submit a statement of advance tax or an estimate of current income and tax payable before the due dates for instalments. If income estimates change, taxpayers can adjust their advance tax payments accordingly. The section allows for revised estimates and adjustments of instalments. Taxpayers must use prescribed forms and verification methods, and the term 'current income' excludes capital gains and certain other incomes.
TaxTMI 
TaxTMI 
