Definition of ‘Advance Tax’ | Section 2(1) of Income Tax

Meaning/ Definition of ‘Advance Tax’ | Section 2(1) of Income Tax

As per Section 2(1) of the Income Tax Act, 1961, unless the context otherwise requires, the term “Advance Tax” has the following Meaning/ Definition:

Section 2(1) of the Income Tax Act, 1961

“advance tax” means the advance tax payable in accordance with the provisions of Chapter XVII-C;