Income-tax Act Section 215 Amended: New Rules for Advance Tax Estimation Effective June 1, 1978.

Section 215 of the Income-tax Act has been amended by the Finance Act, 1978. In subsection (1), the phrase "advance tax u/s. 212 on the basis of his estimate" is replaced with "advance tax under section 209A or section 212 on the basis of his own estimate (including revised estimate)." This amendment is effective from June 1, 1978, and pertains to the calculation and estimation of advance tax liabilities by taxpayers.

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