Advance tax threshold revised: different thresholds apply to Hindu undivided families and other taxpayers from June. Amendment to section 208(2) substitutes clause (c) with two clauses effective 1 June 1981, creating separate withholding thresholds: one applicable to a Hindu undivided family where any member's total income of the previous year exceeds the stated limit, and a different threshold applicable to other taxpayers, thereby distinguishing advance tax deduction applicability between HUFs and other cases.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance tax threshold revised: different thresholds apply to Hindu undivided families and other taxpayers from June.
Amendment to section 208(2) substitutes clause (c) with two clauses effective 1 June 1981, creating separate withholding thresholds: one applicable to a Hindu undivided family where any member's total income of the previous year exceeds the stated limit, and a different threshold applicable to other taxpayers, thereby distinguishing advance tax deduction applicability between HUFs and other cases.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
