Surcharge payment timing altered for domestic companies; specified advance tax instalments payable later and tied to income tax charging. For an assessee that is a domestic company, the surcharge attributable to advance tax instalments paid or payable on or before specified dates is deferred and shall be payable on or before 15 March 2001; additionally, where income tax is charged under section 175 or sub section (2) of section 176, surcharge for a domestic company is payable only if such income tax is charged after the amending Act receives presidential assent.
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Provisions expressly mentioned in the judgment/order text.
Surcharge payment timing altered for domestic companies; specified advance tax instalments payable later and tied to income tax charging.
For an assessee that is a domestic company, the surcharge attributable to advance tax instalments paid or payable on or before specified dates is deferred and shall be payable on or before 15 March 2001; additionally, where income tax is charged under section 175 or sub section (2) of section 176, surcharge for a domestic company is payable only if such income tax is charged after the amending Act receives presidential assent.
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