Report No. 12
216. Condition of liability to pay advance tax.-
Advance tax shall be payable in the financial year-
(a) where the total income of the assessee referred to in section 217(a)(i) [18A (1) (a), main para., earlier half, part, as embodied in the draft section relating to "computation of advance tax"] exceeded the maximum amount not chargeable to income-tax in his case by two thousand five hundred rupees, or
(b) where it is payable by virtue of the provisions of section 220(3) [section 18A(3)].
[New] section .18A(1)(a), main para., earlier half, part]
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