Amendment status not verified — confirm the current text below against the official source.
(1) Tax payable under this Act shall be paid in Payment of tax the manner hereinafter provided and at such intervals as and returns. may be prescribed. ARD CONTRACTS TAX [Act No, vy AcT, 1951 equired so to do by t 2) Such dealers as may be require: y the onening authority, by notice served in the prescribed manner, and every registered dealer shall furnish such returns to the assessing authority by such dates as may be prescribed. 4 THE PUNJAB FORW 3) Before an registered dealer furnishes the returns rene by Rib-section (2), he shall in the prescribed manner, pay into a Government Treasury or the Reserve Bank of India the full amount of tax due from him under this Act according to such returns, and shall furnish along with the returns, 4 receipt from such Treasury or Bank showing the payment of such amount. (4) If any dealer discovers any omission or other error in any return furnished by him, he may, at any time before the date prescribed for submission of the next return by him, furnish a revised return, and if the revised return shows a greater amount of tax as due than was shown in the original return, it shall be accompanied by a receipt showing payment of the extra amount in the manner pro- vided in sub-section (3). Assessment of tax.