<h1>Government Emphasizes Clear Tax Laws, Sets December 15 Deadline for Advance Tax Payments to Ensure Accurate Income Reporting.</h1> The Revenue Secretary highlighted the government's commitment to clear tax laws, a stable regime, and fair dispute resolution to reassure investors. The Central Board of Direct Taxes (CBDT) marks December 15 as the deadline for corporate advance tax payments and the second installment for others. In the 2012-13 assessment year, only 14,62,488 assessees reported taxable incomes over Rs. 10 lakhs, despite significant financial activity suggesting underreporting. The government urges accurate income disclosure, warning that the Income Tax Department will eventually identify discrepancies. Assessees are encouraged to correct advance tax payments by December 15, 2012.