TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Revised Procedures for Advance Tax Collection: New Sub-Head for 'Advance Payment of Tax' Effective 1970-71.</h1> The circular outlines revised accounting procedures for the collection of advance tax under 'ITI-Corporation tax' effective from 1970-71. Advance tax from companies should be recorded under a new sub-head 'Advance payment of tax' within 'Income-tax on companies,' replacing the previous minor head. Existing challans should be modified with a rubber stamp to reflect this change. The first installment of advance tax collected in 1970-71 should be transferred to the new sub-head. Adjustment memos to Treasury Officers are no longer required, and refunds from advance tax should be processed under 'Other refunds' within 'Income-tax on companies.' These instructions are to be implemented immediately.
TaxTMI 
TaxTMI 
