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Home Bare Acts Phrase: section 209aFinance (No. 2) Act, 1980 Section 30
Title: Amendment of Section 209a
State: Central
Year: 1980
In section 209A of the Income-tax Act, in sub-section (4), after the proviso, the following proviso shall be inserted with effect from the 1st day of September, 1980, namely :- 'Provided further that in the case of an assessee, being a company, the provisions of this sub-section shall have effect as if for the figures and words "33-1/3 per cent.", the figures and words "20 per cent." had been substituted.'.
View Complete Act List Judgments citing this sectionFinance Act 1979 Section 17
Title: Amendment of Section 209a
State: Central
Year: 1979
In section 209A of the Income-tax Act, - (a) in sub-section (1), - (i) in the opening portion, for the words "before the date", at both the places where they occur, the words "on or before the date" shall be substituted; (ii) for the portion beginning with the words "and shall pay such amount" and ending with the words and figures "under section 211.", the following shall be substituted, namely :- "and shall pay such amount of advance tax, - (i) in a case falling under clause (a), as accords with the statement in equal instalments on the dates applicable in his case under section 211; and (ii) in a case falling under clause (b), as accords with the estimate in equal instalments on such of the dates applicable in his case as have not expired, or in one sum if only the last of such dates has not expired."; (b) in sub-section (2), for the words "at any time before the date", the words "on or before the date" shall be substituted; (c) in sub-section (3), for the words "at any time before the last instalment", the words "on or before the date on which the last instalment" shall be substituted; (d) in sub-section (4), - (i) for the words "at any time before the.....
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 31
Title: Amendment of Section 273
State: Central
Year: 1978
.....in connection with the regular assessment for any assessment year, is satisfied that any assessee - (a) has furnished under clause (a) of sub-section (1) of section 209A a statement of the advance tax payable by him which he knew or had reason to believe to be untrue, or (b) has without reasonable cause failed to furnish a statement of the advance tax payable by him in accordance with the provisions of clause (a) sub-section (1) of section 209A, he may direct that such person shall, in addition to the amount of tax, if any, payable by him, pay by way of penalty, a sum - (i) which, in the case referred to in clause (a), shall not be less than ten per cent. but shall not exceed one and a half times the amount by which the tax actually paid during the financial year immediately preceding the assessment year under the provisions of Chapter XVII-C falls short of - (1) seventy-five per cent. of the assessed tax as defined in sub-section (5) of section 215, or (2) the amount which would have been payable by way of advance tax if the assessee had furnished a correct and complete statement in accordance with the provisions of clause (a) of sub-section (1) of section 209A,.....
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 25
Title: Amendment of Section 211
State: Central
Year: 1978
In section 211 of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 1978, - (a) in the opening portion, for the words and figures "Subject to the provisions of this section and of section 212", the words, figures and letter "Subject to the provisions of this section and of section 209A and 212" shall be substituted; (b) for the Explanation, the following Explanation shall be substituted, namely :- Explanation : In this sub-section, "total income" means, - (a) in a case where the advance tax is paid by the assessee in accordance with the statement sent by him under sub-section (1) of section 209A or in accordance with an order of the Income-tax Officer under section 210, the total income with reference to which the advance tax payable has been calculated in such statement or order; (b) in a case where the advance tax is paid in accordanced with an estimate (including a revised estimate) made by the assessee under section 209A or section 212, the total income with reference to which the advance tax is so estimated, as reduced, in either case, by the amount of capital gain and income referred to in sub-clause (ix) of clause (24) of section 2,.....
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 23
Title: Amendment of Section 209
State: Central
Year: 1978
In section 209 of the Income-tax Act, with effect from the 1st day of April, 1978, - (a) in sub-section (1), for clause (c), the following clause shall be substituted namely :- "(c) in cases where an estimate (including a revised estimate) is sent by the assessee under section 209A or section 212, the total income so estimated shall, for the purposes of calculation of tax under this section be substituted for the total income referred to in clause (a)"; (b) in sub-section (2), - (i) in clause (a), in the opening portion, after the words "in cases", the words, brackets, figures and letter "where the assessee sends a statement under sub-section (1) of section 209A or" shall be inserted; (ii) in clause (b), for the words, brackets, figures and letter "in cases where an estimate is sent by the assessee under sub-section (1) or sub-section (2) or sub-section (3) or sub-section (3A) of section 212", the words, brackets, figures and letter "in cases where an estimate (including a revised estimate) is sent by the assessee under section 209A or section 212" shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 29
Title: Amendment of Section 217
State: Central
Year: 1978
.....ending with the words "twelve per cent. per annum", the following shall be substituted, namely :- "the Income-tax Officer finds - (a) that any such person as is referred to in clause (a) of sub-section (1) of section 209A has not sent the statement referred to in that clause or the estimate in lieu of such statement referred to in sub-section (2) of that section; or (b) that any such person as is referred to in clause (b) of sub-section (1) of section 209A has not sent the estimate referred to in that clause, simple interest at the rate of twelve per cent. per annum"; (ii) for the words "the said sub-section", the words, brackets and figures "the said sub-section (1) or sub-section (2)" shall be substituted; (b) in sub-section (1A), - (i) after the words "the Income-tax Officer find that", the words, brackets, figures and letter "any person who is required to send an estimate under sub-section (4) of section 209A or" shall be inserted; (ii) for the words "the said sub-section" the words, brackets, figures and letter "the said sub-section (4) or, as the case may be, sub-section (3A)" shall be substituted.
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 1980 Section 29
Title: Amendment of Section 208
State: Central
Year: 1980
In section 208 of the Income-tax Act, in sub-section (2), for clause (c), the following clause shall be substituted with effect from the 1st day of September, 1980, namely :- "(c) in any other case - Rs. 12,000.". 30 Amendment Of Section 209a. In section 209A of the Income-tax Act, in sub-section (4), after the proviso, the following proviso shall be inserted with effect from the 1st day of September, 1980, namely :- 'Provided further that in the case of an assessee, being a company, the provisions of this sub-section shall have effect as if for the figures and words "33-1/3 per cent.", the figures and words "20 per cent." had been substituted.'.
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 30
Title: Substitution of New Section for Section 218
State: Central
Year: 1978
.....effect from the 1st day of June, 1978, namely :- "218. When assessee deemed to be in default. - (1) If any assessee has sent, - (a) under sub-section (1) of section 209A, a statment, or (b) under sub-section 209A or section 212, an estimate or a revised estimate, of the advance tax payable by him, but does not pay any instalment in accordance therewith on the date or dates specified in section 211, he shall be deemed to be an assessee in default in respect of such instalment or instalments. (2) If any assessee does not pay on the specified date any instalment of advance tax that he is required to pay under section 210 and does not, before the date on which any such instalment as is not paid becomes due, send under sub-section (1) or sub-section (2) of section 212, an estimate or a revised estimate of the advance tax payable by him, he shall be deemed to be an assessee in default in respect of such instalment or instalments. (3) Notwithstanding anything contained in sub-section (1) or sub-section (2), an assessee shall not be deemed to be in default in respect of any amount of which the payment is deferred under section 213, until after the date communicated by him.....
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 24
Title: Insertion of New Section 209a
State: Central
Year: 1978
.....in accordance with his estimate. (5) The assessee may send a revised estimate of the advance tax payable by him before any one of the dates specified in section 211 and adjust any excess or deficiency in respect of any instalment already paid in a subsequent instalment or in subsequent instalments. (6) Every statement or estimate under this section shall be sent in the prescribed and form verified in the prescribed manner. Explanation : For the purposes of this section and section 212, "current income", in relation to the advance tax payable by an assessee during any financial year, means the total income of the assessee [exclusive of capital gains and income referred to in sub-clause (ix) of clause (24) of section 2, if any] of the period which would be the previous year for the assessment year immediately following that financial year..
View Complete Act List Judgments citing this sectionFinance Act 1978 Section 27
Title: Amendment of Section 215
State: Central
Year: 1978
In section 215 of the Income-tax Act, in sub-section (1), for the words and figures "advance tax u/s. 212 on the basis of his estimate," the words, figures, letter and brackets "advance tax under section 209A or section 212 on the basis of his own estimate (including revised estimate)" shall be substituted with effect from the 1st day of June, 1978.
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