Surcharge on income-tax increases TDS and advance tax liabilities, with prescribed payment deadlines and transitional rules. Imposes a surcharge at five per cent on tax deducted at source in contract payments and on advance tax computed for specified taxable income; amends the First Schedule to add a five per cent surcharge on income-tax above a threshold with a non-resident exemption; prescribes commencement, payment deadlines for surcharge on particular advance tax instalments, and repeals the prior Ordinance while saving actions taken under it.
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.
Surcharge on income-tax increases TDS and advance tax liabilities, with prescribed payment deadlines and transitional rules.
Imposes a surcharge at five per cent on tax deducted at source in contract payments and on advance tax computed for specified taxable income; amends the First Schedule to add a five per cent surcharge on income-tax above a threshold with a non-resident exemption; prescribes commencement, payment deadlines for surcharge on particular advance tax instalments, and repeals the prior Ordinance while saving actions taken under it.
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