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<h1>CBDT Circular: New Guidelines for Advance Tax Payments and Accounting Under Finance Act 1969.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) on April 4, 1970, provides instructions regarding the collection and accounting of advance tax payments. It specifies that advance tax should be divided into two parts: one for income tax and another for the Union Surcharge, each accounted for under separate sub-heads. Additionally, due to a special surcharge levied on registered firms by the Finance Act, 1969, advance payments for this surcharge should also be separately accounted under a new sub-head. The Comptroller & Auditor General has already instructed Accountant Generals to implement these changes immediately.