https://www.taxtmi.com/news?id=72162 Form 151 is the prescribed notice of demand for requiring payment of advance tax under the Income-tax Act, 2025. It is issued by the Assessing Officer to an assessee liable to pay advance tax under section 407(2) or 407(5), based on available information regarding the assessee's income for the relevant tax year. The notice states the estimated advance tax liability and the instalments and due dates for payment, and is accompanied by a computation of advance tax payable under section 407. en-us Fri, 03 Apr 2026 12:28:21 +0530 Fri, 03 Apr 2026 12:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72162 Form 151 is the prescribed notice of demand for requiring payment of advance tax under the Income-tax Act, 2025. It is issued by the Assessing Officer to an assessee liable to pay advance tax under section 407(2) or 407(5), based on available information regarding the assessee's income for the relevant tax year. The notice states the estimated advance tax liability and the instalments and due dates for payment, and is accompanied by a computation of advance tax payable under section 407. News - Fri, 03 Apr 2026 12:28:21 +0530 https://www.taxtmi.com/news?id=72162