Estimation of advance-tax in Form no. 29. - Income Tax - 371/CBDT

INSTRUCTION NO. 371/CBDT Dated: January 21, 1972 Section(s) Referred: 210 ,39 Statute: Income - Tax Act, 1961 When an assessee files an estimate under section 212 of the Income-tax Act, 1961, of the advance-tax payable by him in a financial year, he has to use Form No. 29, which is a statutory form. This he is required to do, according to the provisions of Rule 39 of the Income tax Rules, 1962 (formerly under rule 20Aa of the Income-tax Rules 1922). 2. The Board would like to impress on the Income-tax Officers that any intimation sent by assessees, other than in the prescribed manner, will have to be treated as invalid. In cases where estimates of advance-tax filed are not in the prescribed form, they should promptly bring the irregularity to the notice of the assessees and tell them that their estimates would not be valid unless the same are filed in the form prescribed. 3. These instructions may please be brought to the notice of all the officers working in the charge.