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Illustrations
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71.8-2 Failure to comply with the provisions of section 203A regarding tax-deduction account number 608 71.8-3 Failure to issue certificate or submit return 608
72
72.1 Amount covered by section 196C 72.1-1 Bonds/shares referred to in section 115AC 72.2 Rate for tax deduction 72.3 When tax is deductible at lower rate 72.4 Tax credit 72.4-1 Rules framed by Board 609 609 609 610 610 610
73
DEDUCTION OF TAX AT SOURCE FROM INCOME OF FOREIGN INSTITUTIONAL INVESTORS FROM SECURITIES
73.1 Who is responsible to deduct tax 73.2 When tax is to be deducted 73.3 How to compute amount of tax deducted 73.4 Tax deduction account number 73.5 Deposit of tax to the credit of Central Government 73.5-1 Where to deposit 73.5-2 Time of deposit 73.5-3 Payment through challan 73.5-4 Claim for refund 73.6 Issue of certificate for tax deduction 73.6-1 Certificates are issued by downloading from TIN website 612 612 612 612 612 612 612 613 613 613
613
73.6-2 Time limit 613
73.7 Quarterly returns to the Government 73.8 Consequences of failure to deduct or pay tax or furnish return 614
614
73.8-1 Failure to deduct and/or pay tax 614
73.8-2 Failure to comply with the provisions of section 203A regarding tax-deduction account number 614 73.8-3 Failure to issue certificate or submit return 614
74
74.1 Amount covered by section 196D 74.1-1 Securities referred to in section 115AD 74.1-2 Who is a Foreign Institutional Investor 74.2 Rate for tax deduction 74.3 When tax is deductible at lower rate 74.4 Tax credit 74.4-1 Rules framed by Board
BOOK TWO : ADVANCE TAX
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615 615 615 635 636 636 636
75
INCOME LIABLE TO ADVANCE TAX
75.1 Provisions applicable up to the assessment year 1988-89 640 75.2 All incomes are subject to advance tax from the assessment year 1989-90 640
76
LIABILITY TO ADVANCE TAX - WHEN ARISES
76.1 Who is liable to pay advance tax 641 Illustration 641
77
DUE DATES OF PAYMENT
77.1 Instalments of advance tax
643 77.2 Due dates 643 Illustration 643 77.3 Tax paid after the due dates but within the financial year 644 77.4 Due dates when advance tax is payable on notice issued by Assessing Officer 644 Illustrations 644
78
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COMPUTATION OF ADVANCE TAX LIABILITY
78.1 Payment of advance tax by the assessee on his own account 646 78.1-1 No need to submit any estimate/statement 646 78.1-2 Revision of second and subsequent instalment 646 78.1-3 Computation of tax 646 78.1-4 Tax rates 646 Illustration 646 78.2 Payment of advance tax in pursuance of order of Assessing Officer 649 78.2-1 Lower/higher estimate by assessee 649 78.2-2 Computation of tax by Assessing Officer 649 Illustration 650 78.3 Payment of advance tax in pursuance of revised order of Assessing Officer 651 78.3-1 Lower/higher estimate by assessee 651 78.3-2 Computation of tax 651 Illustration 651
79
INTEREST PAYABLE BY THE ASSESSEE/GOVERNMENT
79.1 Interest for default in payment of advance tax 79.1-1 Assessed tax - Meaning of 79.1-2 Adjustment when tax is paid before regular assessment under section 140A 79.1-3 Adjustment in the case of reassessment/recomputation under section 147 or 153A 653 653
654
654
79.1-4 Adjustment in the case of rectification/revision/ modification under sections 154, 155, 250, 254, 260, 262, 263, 264, 245D(4) 655
79.1-5 Where an application for settlement is made under section 245C(1) 655 79.1-6 Interest under section 234B or 234C in case of MAT 656 79.1-7 Shipping business of non-residents 656 79.1-8 Payment by cheque 656 79.1-9 Specific order 656 79.1-10 If returned income and assessed income of latest year is nil 657
