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Companies Profits Surtax Act 1964 Section 7A

Title: Advance Payment of Surtax

State: Central

Year: 1964

.....other case: Provided that where, in respect of any class of assessees, the Board has, in exercise of the powers conferred by the proviso to sub-section (1) of section 211 of the Income-tax Act, authorised the payment of the last instalment of advance tax on the 15th day of March during the financial year instead of on the 15th day of December, the last instalment of advance surtax in the case of such assessees shall also be payable on the 15day of March during the financial year. (5) Every company shall, in each financial year, on or before the date on which the first instalment, or where it has not previously been assessed by way of regular assessment under this Act, on or before the date on which the last instalment of advance surtax is due in its case under sub-section (4), if it is likely to have any current chargeable amount, send to the2[Assessing Officer],-- (a) where it has been previously assessed by way of regular assessment under this Act, a statement of advance surtax payable by it computed in the manner laid down in subrsection (3), or (b) where it has not previously been assessed by way of regular assessment under this Act, an estimate of-- (i) the.....

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