Section 210 Payment of advance tax by the assessee of his own accord or in pursuance of order of assessing officer.

SUBSCRIBE FOR FULL CONTENT


The Tax Publishers [1][210. Payment of advance tax by the assessee of his own accord or in pursuance of order of assessing officer. (1) Every person who is liable to pay advance tax under Section 208 (whether or not he has been previously assessed by way of regular assessment) shall, of his own accord, pay, on or before each of the due dates specified in Section 211, the appropriate percentage, specified in that section, of the advance tax on his current income, calculated in the manner laid down in Section 209. (2) A person who pays any instalment or instalments of advance tax under sub-section (1), may increase or reduce the amount of advance tax payable in the remaining instalment or instalments to accord with his estimate of his current income and the advance tax payable thereon, and make payment of the said amount in the remaining instalment or instalments accordingly. (3) In the case of a person who has been already assessed by way of regular assessment in respect of the total income of any previous year [2][* * * * *] the Assessing Officer, if he is of opinion that such person is liable to pay advance tax, may, at any time during the financial year but not later than the last day of February, by order in writing, require such person to pay advance tax calculated in the manner laid down in Section 209, and issue to such person a notice of demand under Section 156 specifying the instalment or instalments in which such tax is to be paid. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][210. Payment of advance tax by the assessee of his own accord or in pursuance of order of assessing officer.

(1) Every person who is liable to pay advance tax under Section 208 (whether or not he has been previously assessed by way of regular assessment) shall, of his own accord, pay, on or before each of the due dates specified in Section 211, the appropriate percentage, specified in that section, of the advance tax on his current income, calculated in the manner laid down in Section 209.

(2) A person who pays any instalment or instalments of advance tax under sub-section (1), may increase or reduce the amount of advance tax payable in the remaining instalment or instalments to accord with his estimate of his current income and the advance tax payable thereon, and make payment of the said amount in the remaining instalment or instalments accordingly.

(3) In the case of a person who has been already assessed by way of regular assessment in respect of the total income of any previous year [2][* * * * *] the Assessing Officer, if he is of opinion that such person is liable to pay advance tax, may, at any time during the financial year but not later than the last day of February, by order in writing, require such person to pay advance tax calculated in the manner laid down in Section 209, and issue to such person a notice of demand under Section 156 specifying the instalment or instalments in which such tax is to be paid.