Amendment status not verified — confirm the current text below against the official source.
(1) The tax shall be payable in advance under this Act within the financial year next preceding the assessment year by any person in the employment of any Govel'nment,L0C:~\l authoritv. Company, Firm or other ussocilation of persons :uul shull be deducted in the manner prescribed by the Principal Officer thereon from amount payable to silch person on behalf of such Government, Local authority, Company, Firm or other association or persons: Provided that the advance tax deductable or payable under this sub—section in respect of the total gross income of the previous year relating to the assessment year commencing on the lst day of April, every year shall be deducted or paid in one instalment by the 30th day of March, every year. Assessment of escaped tax. Reiztificatiou of mistakes . Deduction of ta 7. at soune. Requisition for deduction of tax. Indemnity. Payment of idvaucc tax in case not covered by section 11. Appeals. 6 .(2) The principal officer making any deduction under sub— section (1) shall submit. to the assessing authority such return and within such time as may be prescribed. (.3) The assessing authority may take action if he thinks fit in the manner provided by sub—section (2) of section 7 and by section 8, in the case of any person iln respect of whom he is satisfied that no return under sub—section (3) has been furnished or a return furnished under that sub—section is inaccurate or deficient. (4) Where any principal officer fails to deduct any tax or after deducting fails to pay it as required by or under this Act, he shall, without prejudice to any other consequences he may incur under this Act, be deemed to be a person in default in respect of the tax deducted o paid and all the provisions of section“) shall apply to him: ' . Provided that the assessing authority shall not make a direction under sub—section (2) f section 19 for the recovery of any penalty from such person unless it ' satisfied that such person has wi‘lfully failed to deduct and pay the tax.