Section 404 — Conditions of liability to pay advance tax
Old Act equivalent: Section 208 of IT Act 1961 Sub-part: C—Advance payment of tax
Statutory Text
- Advance tax shall be payable by the assessee during a financial year, where the amount of such tax payable during that year, as computed under this Part, is ` 10000 or more. Computation of advance tax.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Assessees liable to advance tax.
- Conditions: Advance tax payable on current income at rates in force for financial year.
- Time limits: Financial year.
- Monetary limits: As computed.
- Exceptions: None.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.