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<h1>Tax Default Rules Tightened: New Section 218 Expands Criteria for Assessee Liability and Penalties for Non-Compliance</h1> The statutory amendment replaces section 218 of the Income-tax Act, effective April 1, 1988. The new provision defines circumstances under which an assessee is considered in default for failing to pay advance tax installments as specified by the Assessing Officer, not providing required intimation, or not paying estimated current income tax within prescribed timelines.