Advance payments of tax. - Income Tax - 154/CBDT

INSTRUCTION NO 154/CBDT, Dated: April 4, 1970 Section(s) Referred: 210 Statute: Income - Tax Act, 1961 I am directed to refer to Board's instructions No.101/69 dated the 27th August, 1969 on the above subject and to say that in para 2 therein it was stated that collection of advance tax, should be split up into two portions, one representing advance payment of income-tax and other representing advance payment of Union Surcharge and accounted for separately under distinct sub-heads "Advance payments of tax" subordinate to the minor heads "Income-tax" and Surcharge Union" respectively. As special Surcharge has been levied on Registered Firms under the Finance Act, 1969, the collection of advance tax under IV-Taxes, representing advance payment of Surcharge Special should also be accounted for separately under distinct sub-head "Advance payment of tax" to be opened under the minor head Surcharge(Special) under the major head "IV-Taxes on income other than Corporation Tax". Instructions for the opening of the sub-head "Advance payments of tax" under the minor head Surcharge(special) have already been issued by the Comptroller Auditor General to the Accountant Generals. Action may please be taken to give effect to these instructions immediately.