Income Tax Act, 1961
Section 211. INSTALMENTS OF ADVANCE TAX AND DUE DATES.
(1) Advance tax on the current income calculated in the manner laid down in section 209 shall be payable by – (a) All the companies, who are liable to pay the same, in four instalments during each financial year and the due date 1843b of each instalment and the amount of such instalment shall be as specified in below :
Provided that any amount paid by way of advance tax on or before the 31st day of March shall also be treated as advance tax paid during the financial year ending on that day for all the purposes of this Act.
(2) If the notice of demand issued under section 156 in pursuance of an order of the Assessing Officer under sub-section (3) or sub-section (4) of section 210 is served after any of the due datesspecified in sub-section (1), the appropriate part or, as the case may be, the whole of the amount of the advance tax specified in such notice shall be payable on or before each of such of those dates as fall after the date of service of the notice of demand.
TUTICORIN VEGETABLE MARKETING CO. (P) LTD. v. INCOME-TAX OFFICER & ANR.