TMI BlogComputation of advance taxX X X X Extracts X X X X X X X X Extracts X X X X ..... order under sub-section (3) of section 210, the total income of the latest previous year in respect of which the assessee has been assessed by way of regular assessment or the total income returned by the assessee in any return of income furnished by him for any subsequent previous year, whichever is higher, shall be taken and income-tax thereon shall be calculated at the rates in force in the financial year; ( c ) where the calculation is made by the Assessing Officer for the purpose of making an amended order under sub-section (4) of section 210, the total income declared in the return furnished by the assessee for the later previous year, or, as the case may be, the total income in respect of which the regular assessment, referred to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -tural income to be taken into account in the case of any assessee falling in that class, shall be- ( a ) in cases 4 [where the Assessing Officer makes an order under sub-section (3) or sub-section (4) of section 210],- ( i ) if the total income of the latest previous year in respect of which the assessee has been assessed by way of regular assessment forms the basis of computation of advance tax payable by him, the net agricultural income which has been taken into account for the purposes of charging income-tax for the assessment year relevant to that previous year; or 5 [( ii ) if the total income declared by the assessee for the later previous year referred to in sub-section (4) of section 210 forms the basis of computatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... case where the total income of the previous year 9 [in respect of which a return of income is furnished by the Hindu undivided family under section 139 or in response to a notice under sub-section (1) of section 142] forms the basis of computation of advance tax, if the total income of any member of the family for the assessment year relevant to such previous year exceeds the maximum amount not chargeable to income-tax in his case. ---------------------- Notes :- 1. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Sub-section (1) was earlier amended by the Finance Act, 1963, w.e.f. 1-4-1963, the Finance Act, 1964, w.r.e.f. 1-4-1963, the Direct Taxes (Amendment) Act, 1964, w.e.f. 6- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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