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    <title>Special procedure for making payment of 35% as tax liability in first two (2) months</title>
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    <description>Notification prescribes a special deposit procedure allowing certain registered persons who file quarterly returns to meet provisional tax in the first and/or second month of a quarter by depositing into the electronic cash ledger an amount equivalent to thirty five per cent of the tax liability shown in the preceding quarter&#039;s return (or the last month of the prior quarter for monthly filers). Exemptions apply where ledger balances suffice or liability is nil, and eligibility requires filing the complete preceding tax period return. Effective from 1 January 2021.</description>
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    <pubDate>Fri, 12 Feb 2021 00:00:00 +0530</pubDate>
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      <title>Special procedure for making payment of 35% as tax liability in first two (2) months</title>
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      <description>Notification prescribes a special deposit procedure allowing certain registered persons who file quarterly returns to meet provisional tax in the first and/or second month of a quarter by depositing into the electronic cash ledger an amount equivalent to thirty five per cent of the tax liability shown in the preceding quarter&#039;s return (or the last month of the prior quarter for monthly filers). Exemptions apply where ledger balances suffice or liability is nil, and eligibility requires filing the complete preceding tax period return. Effective from 1 January 2021.</description>
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