Advance deposit requirement for quarterly return filers to cover anticipated tax liability, subject to ledger balance and prior return conditions. Notification prescribes a special deposit procedure requiring registered persons who file quarterly returns to make an advance deposit in the electronic cash ledger in the first or second month of a quarter - calculated by reference to prior period electronic cash ledger debits - to meet tax liability under the proviso to sub section (7) of section 39, subject to exceptions where ledger balances are adequate or tax liability is nil and conditional on having furnished the return for a complete preceding tax period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance deposit requirement for quarterly return filers to cover anticipated tax liability, subject to ledger balance and prior return conditions.
Notification prescribes a special deposit procedure requiring registered persons who file quarterly returns to make an advance deposit in the electronic cash ledger in the first or second month of a quarter - calculated by reference to prior period electronic cash ledger debits - to meet tax liability under the proviso to sub section (7) of section 39, subject to exceptions where ledger balances are adequate or tax liability is nil and conditional on having furnished the return for a complete preceding tax period.
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