Section 208 Conditions of liability to pay advance tax.

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The Tax Publishers [1][208. Conditions of liability to pay advance tax. Advance tax shall be payable during a financial year in every case where the amount of such tax payable by the assessee during that year, as computed in accordance with the provisions of this Chapter, is [2][ten thousand rupees] or more.] [1] Substituted vide Direct Tax Laws (Amendment) Act, 1987, effective from 1-4-1988, Prior to the substitution Section 208 as substituted vide Finance Act, 1969 effective from 1-4-1969 and amended vide Finance Act, 1972, effective from 1-4-1972, Finance (No2) Act, 1977, effective from 1-9-1977; Finance Act, 1978, effective from 1-6-1978, Finance Act, 1979, effective from 1-4-1978 Finance (No2) Act, 1980, effective from 1-9-1980; Finance Act, 1981, effective from 1-6-1981; Taxation Laws (Amendment) Act, 1984 effective from 2-4-1985 and the Finance Act, 1985 effective from 14-5-1985, read as under : SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][208. Conditions of liability to pay advance tax.

Advance tax shall be payable during a financial year in every case where the amount of such tax payable by the assessee during that year, as computed in accordance with the provisions of this Chapter, is [2][ten thousand rupees] or more.]

[1] Substituted vide Direct Tax Laws (Amendment) Act, 1987, effective from 1-4-1988, Prior to the substitution Section 208 as substituted vide Finance Act, 1969 effective from 1-4-1969 and amended vide Finance Act, 1972, effective from 1-4-1972, Finance (No2) Act, 1977, effective from 1-9-1977; Finance Act, 1978, effective from 1-6-1978, Finance Act, 1979, effective from 1-4-1978 Finance (No2) Act, 1980, effective from 1-9-1980; Finance Act, 1981, effective from 1-6-1981; Taxation Laws (Amendment) Act, 1984 effective from 2-4-1985 and the Finance Act, 1985 effective from 14-5-1985, read as under :