India - Income Tax Act 2010 - Saarc

1.791 CH. XVII - COLLECTION AND RECOVERY - ADVANCE PAYMENT OF TAX S. 209would be deductible 12 [or collectible] at source during the saidfinancial year under any provision of this Act from any income (ascomputed before allowing any deductions admissible under this Act)which has been taken into account in computing the current incomeor, as the case may be, the total income aforesaid; and the amount ofincome-tax as so reduced shall be the advance tax payable.]13[(2) Where the Finance Act of the relevant year provides that, in the case of anyclass of assessees, net agricultural income (as defined in that Act) shall be takeninto account for the purposes of computing advance tax, then, the net agriculturalincome to be taken into account in the case of any assessee falling in thatclass, shall be—(a) in cases 14 [where the Assessing Officer makes an order under subsection(3) or sub-section (4) of section 210],—(i) if the total income of the latest previous year in respect of whichthe assessee has been assessed by way of regular assessmentforms the basis of computation of advance tax payable by him,the net agricultural income which has been taken into accountfor the purposes of charging income-tax for the assessment yearrelevant to that previous year; or15[(ii) if the total income declared by the assessee for the later previousyear referred to in sub-section (4) of section 210 forms the basisof computation of advance tax, the net agricultural income asreturned by the assessee in the return of income for the assessmentyear relevant to such later previous year;]16[(b) in cases where the advance tax is paid by the assessee on the basis ofhis estimate of his current income under sub-section (1) or subsection(2) or sub-section (5) or sub-section (6) of section 210, the netagricultural income, as estimated by him, of the period which wouldbe the previous year for the immediately following assessment year.](3) Where the Finance Act of the relevant year specifies any separate rate or ratesfor the purposes of computing advance tax in the case of every Hindu undividedfamily which has at least one member whose total income of the previous yearexceeds the maximum amount not chargeable to income-tax in his case, then, the17[Assessing] Officer shall, for making an order under 18 [sub-section (3) or sub-12. Inserted by the Direct Tax Laws (Amendment) Act, 1989, w.r.e.f. 1-6-1988.13. Inserted by the Finance Act, 1974, w.e.f. 1-4-1974.14. Substituted for “where the assessee sends a statement under sub-section (1) of section 209Aor where the Income-tax Officer makes an order under sub-section (1) or sub-section (3)of section 210” by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Earlier theitalicised words were inserted by the Finance Act, 1978, w.e.f. 1-6-1978.15. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.16. Substituted, ibid. Prior to substitution, clause (b) was amended by the Finance Act, 1978,w.e.f. 1-6-1978.17. Substituted for “Income-tax” by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.1-4-1988.18. Inserted, ibid.