UNIVERSITY INSTITUTE OF LEGAL STUDIES,

PANJAB UNIVERSITY, CHANDIGARH

Principles of Taxation
Project Report
On
Tax deducted at Source and Advance Tax

SUBMITTED TO – Ms. Manika A. Chaudhary

SUBMITTED BY – PORUSH JAIN

B. Com. LLB. (HONS.)

SECTION – D

SEMESTER – 10TH

ROLL NO:209/19

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Acknowledgment

I would like to express my gratitude to my Information technology teacher, Ms. Manika A.

Chaudhary and to the Director , Prof. (Dr.) Shruti Bedi, for providing me with the
opportunity to do this project and to do research on the topic –“Tax Deducted at Source
(Section 192, 194B, 194BB, 194I) and Advance Tax (207-211)”. This project has helped me
a lot in doing research and I got to learn many new things from it about the topic and the
subject. I also want to thank my teacher, friends and family to help in doing this project.
I hope this project serves it purpose and is worthwhile to all the readers

Porush Jain

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Index

Sr. No. Particular Page No.

1 Introduction 4-6
2 Section 192 6-11
3 Section 194B 11-12
4 Section 194BB 12
5 Section 194I 12-14
6 Advance Tax 15-18
7 Conclusion 19
8 Bibliography 20

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Introduction
Tax deduction at source (TDS) is an instrument designed for quick and smooth collection of tax due
to the authorities from the taxpayer. The objective of TDS could be said, in general, to be
maximisation of revenue collection while minimising the cost of collection. For example, it should be
easier to deduct tax from all employees by one employer than for the tax administration to collect
from each individual separately. This is so especially for wage and salary income; and this is why
such income is subject to TDS in a wide cross section of countries.

Deduction at source is a legal concept that refers to the practice of deducting taxes or other payments
from an employee's income before they receive it. This is typically done by the employer, who is
responsible for withholding the appropriate amount of money and remitting it to the relevant
government agency.

The purpose of deduction at source is to ensure that individuals and businesses meet their tax
obligations in a timely and efficient manner. It also helps to prevent tax evasion and provides a
reliable source of revenue for governments to fund public services and infrastructure.

TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making
specified payments such as rent, commission, professional fees, salary, interest etc. by the persons
making such payments. Usually, the person receiving income is liable to pay income tax. But the
government with the help of Tax Deducted at Source provisions makes sure that income tax is
deducted in advance from the payments being made by you. The recipient of income receives the net
amount (after reducing TDS). The recipient will add the gross amount to his income and the amount
of TDS is adjusted against his final tax liability. The recipient takes credit for the amount already
deducted and paid on his behalf.

For Example, Shine Pvt Ltd make a payment for office rent of Rs 80,000 per month to the owner of
the property. TDS is required to be deducted at 10%. Shine Pvt ltd must deduct TDS of Rs 8000 and
pay the balance of Rs 72,000 to the owner of the property. Thus, the recipient of income i.e. the
owner of the property in the above case receives the net amount of Rs 72,000 after deduction of tax at
the source. He will add the gross amount i.e. Rs 80,000 to his income and can take credit of the
amount already deducted i.e. Rs 8,000 by shine Pvt ltd against his final tax liability.

TDS: Advantages and Disadvantages

While TDS is reputed to be a powerful instrument for addressing the problem of tax evasion, as a tax
administration mechanism, it has both advantages as well as disadvantages. Any TDS system, unless
it is designed to minimise these inherent flaws, will fail to facilitate tax administration or improve
revenue

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collection ostensibly. Therefore, familiarisation with both advantages and disadvantages of TDS
systems is important lest the expected benefits from TDS functions be lost.

Advantages

(1) The intent of the law is more conveniently fulfilled since the tax flow should parallel income flow
more closely than without TDS

(2) Since tax is collected prior to receiving income, compliance is improved and enforcement costs
are reduced

(3) Because of improved cash-flow, government’s day-to-day borrowing needs are eased;

(4) Among those within the TDS net, the tax burden is shared more equitably; and

(5) Aince tax collection responsibility is shared by the collection agents, tax officers can devote more
time and resources to other functions of tax administration such as expanding the universe of
taxpayers, audit and scrutiny, and so on.

Disadvantages

(1) The inequity implied in the inability to capture potentially large taxpayers in the TDS net, and the
relatively lower success in withholding tax on certain forms of income such as dividends or
professional and self employment income

(2) For a developing country in particular, the inadequacy of trained tax administrators may be further
deepened by the addition of the TDS function needing extra staff, infrastructure and processing
particularly to check bogus tax deduction claims, short deductions and short payments to the
exchequer;

(3) The possible excessive burden on the taxpayers in terms of obtaining certificates TDS from
deductors, filling additional (and often complicated) tax forms, followed by long waits for refunds;
and

(4) The burden on deductors implied by the free service of withholding carried out for the tax
department even when it may be difficult to obtain the necessary withholding forms and even while
they may be subject to two scrutinies (audits) by the tax department: the usual as well as an additional
one specifically for TDS.

TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a
payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has
to be deducted at the rates prescribed by the tax department. The company or person that makes the
payment after deducting TDS is called a Deductor and the company or person receiving the payment
is
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called the deductee. It is the deductor’s responsibility to deduct TDS before making the payment and
deposit the same with the government.

TDS is deducted irrespective of the mode of payment–cash, cheque or credit and is linked to the PAN
of the deducted. TDS is deducted on the following types of payments.

• Salaries

• Interest payments by banks

• Commission payments

• Rent payments

• Consultation fees

• Professional fees

• Rent

• Other Incomes as per TDS provisions (Sec 192-195)

Section 192(TDS from Salary):

Section 192 of the I.T. Act, 1961 provides that every person responsible for paying any income which
is chargeable under the head ‘salary’, shall deduct income tax on the estimated income of the assessee
under the head salaries. The tax is required to be calculated at the average rate of income tax as
computed on the basis of the rates in force. The deduction is to be made at the time of the actual
payment. However, no tax is required to be deducted at source, unless the estimated salary income
exceeds the maximum amount not chargeable to tax applicable in case of an individual during the
relevant financial year. The tax once deducted is required to be deposited in government account and
a certificate of deduction of tax at source (also referred as Form No.16) is to be issued to the
employee. This certificate is to be furnished by the employee with his income tax return after which
he gets the credit of the TDS in his personal income tax assessment. Finally, the employer/deductor is
required to prepare and file quarterly statements in Form No.24Q with the Income-tax Department

Who will Deduct Tax

The statute requires deduction of tax at source from the income under the head salary. As such the
existence of “employer-employee” relationship is the “sine-qua-non” for taxing a particular receipt
under the head salaries. Such a relationship is said to exist when the employee not only works under
the direct control and supervision of his employer but also is subject to the right of the employer to
control the manner in which he carries out the instructions. Thus, the law essentially requires the
deduction of tax when;

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(a) Payment is made by the employer to the employee.

(b) The payment is in the nature of salary and

(c) The income under the head salaries is above the maximum amount not chargeable to tax.

Here are the various categories of entities and persons responsible for the deduction of taxes:

• Individuals (resident or non-resident): Particular employer

• HUF (Hindu Undivided Family): Karta of the HUF

• Central or State governments and PSUs: Designated officers

• Companies (private and public): Company itself and its principal officer

• Trusts: Managing trustees

• Firm: Managing partners of the firm

• Proprietorship concern: Proprietor of a concern

When Tax need to be deducted

Section 192 casts the responsibility on the employer, of tax deduction at source, at the time of actual
payment of salary to the employee. Unlike the provisions of TDS, pertaining to payments other than
salary where the obligation to deduct tax arises at the time of credit or payment, whichever is earlier,
the responsibility to deduct tax from salaries arises only at the time of payment. Thus, when advance
salary and arrears of salary has been paid, the employer has to take the same into account while
computing the tax deductible.

The following are the basic exemption limits that do not require TDS deductions:

Basic Exemption Limit Amount

Individual
 Resident super senior(Above 80 years of age) 5,00,000
 Resident Senior (60-80of age) 3,00,000
 Any other Indivdual 2.50,000
Hindu Undivided Family 2,50,000
Company and Firm NIL
Association of person or body of individual 2,50,000
Local Authority NIL

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Tax on non-monetary perquisite [Section 192(1)]: Where an employer has given non-
monetary perquisite to the employee then he may pay, tax on whole or part of such income
without deducting tax at source. However, the tax so paid by the employer is not taxable in
the hands of the employee. Sections 192 (1A) & 192 (1B) of the Income Tax Act, enable the
employer at his option, to make payment of the entire tax or a part of the tax due on
nonmonetary perquisites given to the employee. The tax payable is to be determined at the
average rate of the income tax computed on the basis of rates in force and the payment will
have to be made when such tax was otherwise deductible, i.e., at the time of payment of
income chargeable under the head salaries, to the employee. Further, the tax so paid shall be
deemed to be the TDS made from the salary of the employee. However, as per proviso to
section 198, this tax paid will not be deemed to be income of the employee

Rate of deduction of tax:

As per Section 192, the employer is required to deduct tax at source on the amount payable at
the average rate of income tax. This is to be computed on the basis of rates in force for the
financial Year in which payment is made. The Finance Act of each financial year specifies
the rates in force for deduction of tax at source. Thus, the employer is required to compute at
the beginning of the financial year, the total salary income payable to an employee during the
financial year. Further, the employer should also take into account any other income as
reported by the employee. After considering the incomes exempt, deductions and relief, the
tax liability of the employee should be determined on the basis of the rates in force for the
financial year. Every month, 1/12 of this net tax liability as computed above is required to be
deducted.

Information regarding Relief under section 89(1) [Section 192(24) and rule 21AA

- Where the assesse is a Government servant or an employee in a Company, Corporate

Sector, Local Authority, University, institution, or AOPs;

- And he is entitled to relief under Section 89(1) {Tax is calculated on a taxpayer’s total income
earned or received during the financial year. If the assessee has received a potion of his salary ‘in
arreas or in advance’, or received a Family Pension in arrears, the Income Tax Act allows you to
claim tax relief under section 89(1). Tax liabilities for a taxpayer are calculated from the income
earner during that financial year.}

- Then he may furnish to his employer details of such particular in the prescribed form (Form
No. 10E).

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The employer shall compute the relief on the basis of such particular and shall take it into
account for making tax deduction.

Information regarding other income and loss under the head from “Income from House
Property" [Section 192(2B) and Rule 26B|

- Where assessee receives income under any other head of income (house property, profit,
and gains of business or profession, capital gain or income from other sources) or loss under
the head "Income from House Property" (not any other loss) during same Financial Year;

- then he may give such information on a plain paper verified in the prescribed manner to his
employer deducting tax and source.

Such employer shall take into account such income under any Head or loss under the head
"Income from House Property" and such loss shall be adjusted against income under salary.

Therefore, tax from income under any head of Income may be deducted by the employer
provided details are given by the assessee. Whereas only loss under the head "Income from
House Property" shall be adjusted by the employer and not the loss under any other head of
income.

TDS on simultaneous employment with more than one employer or on change of

employment Section 192(2):

Sub-Section 2 of Section 192 provides that where a person is simultaneously employed with
more than one employer, he may furnish the particulars of salary payments and TDS to the
employer of his choice. Similarly, on change of employment the particulars of salary and
TDS of earlier employment may be furnished to the subsequent employer. These particulars
are to be furnished in Form 12 B in accordance with Rule 26A of the I.T. Rules. The
employer on receipt of such information is required to take into account the particulars of
salary and TDS and then deduct tax at source considering the aggregate salary from all
sources. In the case of CIT V. Marubeni India (P Ltd.)1, it was held that tax shall be
deducted from the month onwards in which information is submitted.

1
2007 165 Taxman 467 (Del)

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Statement by the Employer to Employee [Section 192(2C) and Rule 26A]:

Employer shall furnish to his employee a statement giving correct and complete particulars of
salary, perquisites, and profit in lieu of salary provided to such employee and their value in
prescribed form i.e.

(a) Statement of TDS from salary - Form 16.

(b) Statement of perquisites and profit in lieu of salary - Form 12BA

Computation of Taxable Salary for TDS:

Step 1: Find out salary which includes:

• Wages, fee, commission, allowances, perquisites, profit in lieu of salary Amuity, Pension,
gratuity and leave salary beyond the exempted limit.

• Employer's contribution in excess of 12% basic salary of employee and interest credited in
excess of the specified limit. Further, it includes contributions made by Central Government
under Notified Pension Scheme.

• Expenditure actually incurred in payment of rent regarding a residential accommodation

where it exceeds the specified limit.

• Value of all taxable perquisites under section 17(2) such as Rent free accommodation,
concession in rent.

Step II: Aggregate salary received from more than one

employer. Step III: Give deduction under Section 16.

Step IV: Give Deduction under Sections 80C, 80CCC, 80CCD, 80D, 80DD, 80E, 80GG, SOU.

• Generally, no deduction is allowed under Section 80G except when it is made to the
institution where a 50% deduction without a qualifying limit is allowed then deduction shall
be allowed at @50% of the contribution. Another exception is when it is made to the
institution where 100% deduction without qualifying limit is allowed then deduction shall be
allowed @100% of the contribution.

Step V: Now compute taxable income and round it off to the nearest multiple of

10. Step VI: Calculate tax at the rate applicable for the Financial Year.

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Step VII: Add 2% Education cess and 1% SHEC.

Step VIII: Divide such tax calculated in 12 instalments. After deducting one or more
instalments, the amount of remaining instalments shall be increased or decreased if there is a
change of circumstances.

TDS from the accumulated balance of Recognised Provident Fund (RPF)(Section

192(4): The trustee of an RPF or any other person who is authorized by the trust to make
payment of he accumulated balance to an employee shall deduct tax at the time of payment of
such amount to the assessee (employee). However, tax shall be deducted where payment
from RPF is taxable under Rule 10, Part A, Schedule-IV'. Therefore, where payment is within
exempted limit permitted under Rule 10 then no tax shall be deducted.

TDS from contribution paid out of Approved Superannuation Fund [Section 192(5):
Where any contribution made by an employer (including interest on such contribution), to an
approved Superannuation fund is paid to the employee then a trustee of such fund shall
deduct the tax at source at the time of payment of such amount to the assessee (employee).
However, tax shall be deducted where payment from the Approved Superannuation Fund is
taxable under Rule 6, Part B, Schedule-IV. Therefore, where payment is within exempted
limit permitted then no tax shall be deducted.

TDS from salary in Foreign Currency [Section 192(6): Where salary is payable in foreign
currency then for TDS, the value of such salary shall be calculated in India at the prescribed
rate of exchange.

Section 194B (TDS From Winning from lottery tickets or crossword puzzles)

Any person who is paying any income exceeding Rs 10,000 by way of winning from lottery
tickets or crossword puzzles or card games or any other game of any sort or from gambling or
betting of any form or nature whatsoever to any other person, person shall deduct tax at the
time of payment.

TDS Rate: TDS shall be at a rate of 30%. No surcharge or education cess will be deducted.
Therefore, tax shall be deducted at the basic rate.

Exception: No tax shall be deducted where the amount payable is up to 10,000

Online games: This section shall not apply to the deduction of income-tax on winnings from
any online game on or after the 1st day of April, 2023, "online game" (Explanation): "online

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game" means a game that is offered on the internet and is accessible by a user through a
computer resource including any telecommunication device.

Winnings wholly or partly in Kind [Proviso to Section 194B] Where winnings are wholly
in kind or partly in kind and partly in cash, and cash is not sufficient to meet the liability of
TDS in respect of the-whole of winnings. Then the Payer before releasing the winnings, shall
ensure that tax has been paid by the payee. For example: A non-resident receives a Santro
Car (Market Value of Rs. 5 lacs) from a TV Show. Payer should receive Rs. 1,50,000 (30%
of 5 lacs) before releasing that car.

Section 194BB (TDS from Winning from Horse Race)

Any person, being a bookmaker or a person to whom a licence has been granted by the
Government under any law for the time being in force for horse racing in any race course or
for arranging for wagering or betting in any race course, who is responsible for paying to any
person any income or aggregate income by way of winnings from any horse race in an
amount exceeding Rs. 10,000 shall, at the time of payment thereof, deduct income-tax
thereon at the rates of 30% 2. No surcharge or educational cess will be deducted. Therefore tax
shall be deducted at basic rate.

Section 194I (TDS from Rent)

Any person other than individual or Hindu Undivided Family who has:

a. Total sales, gross receipts or turnover of one crore rupees in case of business or
b. Fifty lakh rupees in case of the profession during immediately preceding Financial
Year in the immediately preceding Financial Year, And
c. who is paying amount of such income to payee exceeding Rs. 2,40,000

to any Resident Person any income by way of rent, shall at the of credit of such income to
the account of the payee or at the time of payment thereof in cash or by the issue of a cheque
or draft or by any other mode, deduct income-tax thereon at the rate of

(a) 2% for the use of any machinery or plant or equipment; and

(b) 10% for the use of any land or building (including factory building) or land appurtenant to
or a building (including factory building) or furniture or fittings]

2
Section 194BB of Income Tax Act, 1961.

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Requirement, There will be no surcharge and education cess and secondary higher education
cess. If the recipient does not furnish his PAN to the deductor, the tax will be deducted at the
rate of 20% and PAN shall be mentioned of both on document which is exchanged between
the deductor and deductee.

The term ‘Rent’ which has been explained under Explanation (i) to Section 194- I – Rent
means any payment, under any lease / sub-lease / tenancy or any other agreement or
arrangement for the use of any of the following –

• Land; or

• A building which includes factory building; or

• Land appurtenant to a building which also includes factory building; or

• Plant; or

• Machinery; or

• Furniture; or

• Equipment; or

• Furniture; or

• Fittings.

However it is immaterial whether such land, building and etc are owned by the payee or not.

Ambit of Rent

In Circular No. 05/2002, dated 22.11.2002, it was pointed out by department that the
payment made to hotels for hotel accommodation, whether in nature of lease agreement is
covered or not, so as long as such accommodation has been taken on Regular Basis.

In case of United Airlines V. CIT3, it was held that landing or parking of aircraft is rent
within Explanation (i) to section 194I and liable to deduct the tax.

Exceptions

1. The aggregate amount paid / payable during the Financial Year doesn’t exceed the
threshold exemption limit i.e., doesn’t exceed INR 2,40,000.

3
2006 152 Taxman 156 Del.

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2. The payer / tenant is an individual or HUF who is not liable to tax audit as per section
44 (AB) clause (a) or (b).
3. Rent is paid / payable to a Government agency.
4. Where the income of any entity is unconditionally exempted under section 10 and it is
not required to file return.
5. Where an application is made by the payee in Form No. 13 to the Assessing Officer to
get a certificate for no tax deduction or deduction at a lower rate provided few
conditions are satisfied (Rule 28A).

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Advance Tax
Advance Tax is the second exception to General Principle that income earned during the
Previous Year is chargeable to tax in the immediately coming Assessment Year, Advance
Tax is another method of collection of tax by the Central Government in the form of Pre-paid
taxes. It is based upon the "Pay as you Earn" Scheme. Under this scheme, advance tax is
payable during Financial Year immediately preceding the relevant Assessment Year on
estimated income, i.e., when income is earned and it is given in instalments. Advanceincome
tax is
the
tax that is paid in advance instead of lump sum payment at year end. It is the tax that you pay
as you earn. These payments have to be made in instalments as per due dates provided by the
income tax department.

Liability for payment of Advance Tax (Section 207), the advance tax shall be payable
during the financial year in assessee of that Financial Year which is otherwise chargeable to
tax in the immediately coming Assessment Year. Such income shall be taxable according to
provisions of Sections 208 to 219 and shall be referred to as "current income”

Who shall be liable to pay Advance tax (Section 208),

Salaried individuals, freelancers and businesses– If your total tax liability is Rs 10,000 or
more in a financial year, you have to pay advance tax. The advance tax applies to all
taxpayers,
salaried individuals, freelancers, and businesses.

Senior citizens– People aged 60 years or more who do not run a business are exempt from
paying advance tax. So, only senior citizens (60 years or more) having business income must
pay advance tax.

Presumptive income for businesses– The taxpayers who have opted for the presumptive
taxation scheme under section 44AD have to pay the whole amount of their advance in one
tax
instalment on or before 15 March . They also have the option to pay all of their tax dues by

31 March.

Presumptive income for professionals– Independent professionals such as doctors, lawyers,

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architects, etc. come under the presumptive scheme under section 44ADA. They have to pay

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the whole of their advance tax liability in one instalment on or before 15 March. They can
also pay the entire amount by 31 March.

Computation of Advance Tax (Section 209)

Step I: Estimate the current income of the Financial Year for which Advance Tax is payable.
Estimated current income means income likely to be earned during the current Financial
Year. It includes all incomes under five heads of income. It also includes agricultural income
in any case or class of cases where it is required to be added for deductions under sections
80C-80U. And carried forward losses will be adjusted.

Step II: Calculate tax on such 'Estimated Current Income' at the rate(s) for that Financial

Year. Step III: Add Education Cess and SHEC; if applicable.

Step IV: Add surcharge, if applicable.

Step V: Allow Relief under sections 89, 90, 90A, 91.

Step VI: Deduct TDS or TCS during that Financial Year from any income.

Step VII: The Balance amount is called advance tax and where it is ? 10,000 or more it shall
be payable in the current Financial Year.

In the case of Mitsui Engg. & Ship Building Co. Ltd. v CIT4, it has been held by the courts
that the assessee is not liable to pay advance tax to the extent the tax was deductible or
collectible but not actually deducted or collected. Similar was held in many other cases. So to
supersede the effect of these rulings, Section 209 has been amended from April 1, 2012, to
provide that where a person has received any income without deduction or collection of tax,
he shall be liable to pay advance tax in respect of such income.

Payment of Advance Tax in accordance with an order of assessing officer (Section

210(3) to be read with Section 209)

Where in the opinion of the Assessing Officer, the assessee is liable to pay Advance Tax and
fails to do so then he may pass an order in writing directing the assessee to pay advance tax
provided following conditions are fulfilled.

4
(2001) 79 ITD (Del)

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Conditions:

1. The assessee is already assessed by way of regular assessment in respect of the total
income of any Previous Year.
2. In the opinion of the Assessing Officer, the assessee is liable to pay Advance tax and
has failed to do so
3. Such order must be in writing and must specify instalments in which Advancd tax
should be paid.
4. Such order shall be treated as demand notice under section 156 requiring the assessee
to pay Advance Tax in installments on or before the due dates mentioned in the order.
5. Such order must be passed at any time during the F. Y but not after the last date of
February.

Computation of tax by Assessing officer (Section 209)

For passing an order under section 210(3), Assessing Officer shall take higher of the
following as the current income of the assessee:

(a) The total income of the latest Previous Year in respect of which assessee has been
assessed by way of Regular Assessment. However, such income also includes Agricultural
income of such Previous Year for rate purposes; or

b. The total income returned by the assessee for any subsequent Previous Year (where the
return is filed after the last regular assessment). However, such income also includes the
Agricultural income of such Previous Year for rate purposes.

Revision of order by Assessing officer(Section 210(4))

Where an order is passed by Assessing Officer under section 210(3) and later on:

(a) A return of income is submitted by the assessee under section 139 or in accordance
with a notice under section 142 for a higher amount;
(b) A regular assessment is made in respect or of any later Financial Year for a higher
amount,

then Assessing Officer may revise his order under section 210(4) and issue a demand notice
under section 156 to such assessee on the basis of income declared in the return or assessed
by regular assessment.

Instalments of Advance Tax due dates (Section 211)

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 Due Date Assesse Assesse in respect of an
eligible business and
profession referred in
Section 44AD
On or before June 15 of Upto 15% of Advance Tax
Current Year
On or before September 15 Upto 45% of Advance Tax-
of Current Year Advance tax already paid
On or before December 15 of Upto 75% of Advance Tax-
Current Year Advance tax already paid
On or before March 15 of Upto 100% of Advance Tax- Upto 100% of Advance Tax.
Current Year Advance tax already paid

Even though last date for paying for advamce tax is 15th March but of paid before March 31st
then also it will be deem to be Advance Tax.

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Conclusion
Deduction at source is a critical component of tax collection and compliance in many
jurisdictions around the world. While it can present certain challenges for employers and
employees alike, it also offers many benefits in terms of fairness, simplicity, and reliability.
In addition, it can simplify the tax filing process for individuals by reducing the amount of
paperwork and calculations required. Furthermore, it also provides a reliable stream of
revenue for governments to fund important programs and services that benefit the entire
community.

Advance Tax is based upon the "Pay as you Earn" Scheme. It is the second exception to
General Principle that income earned during the Previous Year is chargeable to tax in the
immediately coming Assessment Year. We can say that Advance Tax is another method of
collection of tax by the Central Government in the form of Pre-paid taxes, Advance tax is
payable if the tax payable on current income in a current financial year is 10,000 or more.
Further, a procedure has been laid down for computing tax on current income and advance
tax is to be paid in installments on or before the due dates mentioned in Section 211. Where
the assessee fails to pay advance tax then the assessing officer may pass an order under
section 210(3) to pay tax.

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BIBLIOGRAPHY
1) https://icmai.in/TaxationPortal/Publication/OnlineRelease/HandbookTDS.pdf
2) https://resource.cdn.icai.org/71147bos57143-cp9.pdf
3) https://incometaxindia.gov.in/booklets%20%20pamphlets/tds-onsalaries.pd
4) https://taxguru.in/income-tax/section-194i-tds-rent.html
5) https://cleartax.in/s/section-192
6) Rattan, Dr. Jyoti., “Taxation Law”, Bharat Law House Pvt. Ltd., 2023.

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