Advance tax accounting: separate treatment for income tax, union surcharge and special surcharge required for registered firms. Advance tax collections must be split into separate sub-heads for income-tax and Union Surcharge; advance payments representing the special surcharge on registered firms are to be accounted for under a distinct sub-head 'Advance payments of tax' opened beneath the minor head Surcharge (Special) under the major head for taxes on income other than corporation tax, with Comptroller & Auditor General directions issued to Accountant Generals and immediate implementation required.
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Advance tax accounting: separate treatment for income tax, union surcharge and special surcharge required for registered firms.
Advance tax collections must be split into separate sub-heads for income-tax and Union Surcharge; advance payments representing the special surcharge on registered firms are to be accounted for under a distinct sub-head "Advance payments of tax" opened beneath the minor head Surcharge (Special) under the major head for taxes on income other than corporation tax, with Comptroller & Auditor General directions issued to Accountant Generals and immediate implementation required.
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