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Income Tax - Frequently Asked Questions (FAQs) |
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FAQ on Advance Tax |
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Can estimate of income be revised for the purpose of advance tax? |
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Ans. In case the assessee wants to revise the estimate of income after making payment of first/ second instalment of advance tax, the assessee can revise the remaining instalment of advance tax in accordance with his revised estimate of current income and pay the advance tax accordingly. |
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