Estimation of advance tax u/s 212(3A) Income - Tax Act, 1961. - Income Tax - 452/CBDT

INSTRUCTION NO. 452/CBDT Dated: September 6, 1972 Section(s) Referred: 212(3A) Statute: Income - Tax Act, 1961 As per the proviso to Section 212(3A) of the I.T. Act, 1961, the Commissioner of Income-tax is empowered to extend the date for furnishing the estimate u/s 212(3A) upto a period of thirty days immediately following the last date of the previous year and where the date is so extended the assessee shall pay on or before the date so extended, the amount by which the amount of advance tax already paid by him falls short of the advance tax payable in accordance with his estimate. 2. The applications made by the assessees under the proviso to section 212(3A) are being dealt with by the Commissioners of Income-tax. It has, however, been observed that the collection of advance tax is the exclusive responsibility of the ITO (Collection) in the functional as well as non-functional charges and the work of collection of revenue is being supervised by Addl. Cs. I.T. With a view to streamline the functions of the Commissioners and the Addl. Commissioners it has been decided by the Board that in future the power to extend the time for filing the estimate under the proviso to Section 212(3A) of the I.T. Act may be exercised by the Cs. IT/Addl. Cs. I.T. entrusted with recovery work.