Statement/estimate to be filed by the assessees u/s.209A(1)(a), Income Tax Act 1961. - Income Tax - 1209/CBDT

INSTRUCTION NO. 1209/CBDT Dated : October 7, 1978 Section(s) Referred: 209A Statute: Income - Tax Act, 1961 Reference is invited to the procedural instructions issued in DOMS circular No.31 dated 14-9-78 relating to sec.209A and to state that the Board has been advised that the statement/estimate to be filed by the assessees u/s.209A(1)(a) or as the case may be u/s.209A(2) will have to be filed before the date on which the first instalment of advance tax falls due under the provisions of sec.211(1). Any statement/estimate filed after the specified date will be non est in the eyes of law. It is, therefore, necessary that wherever the statement has not been filed before the 15th September 1978, it will now be necessary to issue advance tax notices u/s.210 of the I.T.Act. Urgent steps may, therefore, be taken by you to review the registers opened in accordance with para 7 of the Appendix to DOMS Circular dated 14-9-78 referred to above and to ensure that notices u/s.210(1) are issued before 15-11-78 in respect of all persons who are liable to advance tax but who have not filed the statement/estimate within time so that there is no short fall in the collection of tax under the head advance tax.