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CMA Intermediate · Direct and Indirect Taxation · Self-Assessment and Intimation

An order under section 407(1) of the Income-tax Act, 2025 specified advance tax of Rs 3,00,000. Later the person estimates that advance tax on current income will be Rs 5,00,000. What does section 407(9) require?

When a person's own estimate of advance tax exceeds the amount in the order, he must pay the appropriate part or whole of the higher amount on or before the due date of the last instalment, without waiting for any amendment.

  1. APay the higher amount only after the Assessing Officer amends the order
  2. BPay Rs 3,00,000 and the excess along with the return
  3. CPay the appropriate part or whole of the higher amount on or before the due date of the last instalmentCorrect
  4. DPay the entire Rs 5,00,000 on the first instalment due date

Explanation

Section 407(9) requires a person estimating higher advance tax than the order or intimation to pay the appropriate part or whole of the higher amount on or before the last instalment's due date. No amendment is needed and it need not be paid at the first instalment.

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