Assessing Officer Can Revise Advance Tax Order Under Section 210(4) Before March 1 of Financial Year

The Assessing Officer (AO) can revise an advance tax order under section 210(4) if, before March 1 of the relevant financial year, the assessee files a return or is assessed at a higher figure for a later year. The assessee must then pay advance tax per the revised order. Alternatively, the assessee can estimate a lower current income and pay tax accordingly, notifying the AO with Form 28A. If the estimated advance tax is higher than the AO's estimate, the assessee pays the higher amount without notifying the AO. Tax computation involves calculating tax on declared income, deducting tax already deducted at source.

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