Surcharge deferral on advance tax: instalments due in the prior year become payable by the March fifteenth deadline next year. The Taxation Laws (Amendment) Act, 2001 defers surcharge payable on advance tax instalments that were paid or payable on or before the 15th days of June, September and December 2000, making those surcharge amounts payable on or before 15th March 2001. Separately, surcharge attributable to income-tax charged under specified sections of the Income-tax Act is payable only where that income-tax is charged after the Amendment Act comes into force.
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.
Surcharge deferral on advance tax: instalments due in the prior year become payable by the March fifteenth deadline next year.
The Taxation Laws (Amendment) Act, 2001 defers surcharge payable on advance tax instalments that were paid or payable on or before the 15th days of June, September and December 2000, making those surcharge amounts payable on or before 15th March 2001. Separately, surcharge attributable to income-tax charged under specified sections of the Income-tax Act is payable only where that income-tax is charged after the Amendment Act comes into force.
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