Question

10. Advance payment of tax is in the nature of
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Answer 1

Answer:

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Explanation:

Advance tax is paid on the principle of “pay as you earn” and is payable within the same financial year in which the income is earned. Provisions of the Income-Tax Act, 1961 provide the prescribed due dates for payment of advance tax which is payable in instalments.

Answer 2

Answer:

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