https://www.taxtmi.com/article/detailed?id=2036 The Act distinguishes total income-the statutory measure of taxable income declared in a return-from estimated current income used to calculate advance tax. Computation of undisclosed income for a block period is based on aggregate total income of prior years, while advance tax on current income is an estimate that does not substitute for filing a return disclosing final total income and may attract adjustments or interest. en-us Wed, 20 Feb 2013 08:03:03 +0530 Wed, 20 Feb 2013 08:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2036 The Act distinguishes total income-the statutory measure of taxable income declared in a return-from estimated current income used to calculate advance tax. Computation of undisclosed income for a block period is based on aggregate total income of prior years, while advance tax on current income is an estimate that does not substitute for filing a return disclosing final total income and may attract adjustments or interest. Articles Income Tax Wed, 20 Feb 2013 08:03:03 +0530 https://www.taxtmi.com/article/detailed?id=2036