Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in this Act, every assessee shall pay to the credit of the State Government agricultural income-tax in advance during any financial year in such number of equal instalments, not exceeding four, and by such dates, as may be prescribed in respect of his total agricultural income which would be chargeable to agricultural income-tax for the assessment year immediately following that financial year, and such tax shall be called advance tax. (2) Subject to the provisions of sub-section (1) of section 26B, advance tax payable by an assessee under sub-section (1) shall be calculated on his total agricultural income of the latest previous year in respect of which he has been assessed or his total agricultural income received in the previous year immediately preceding the financial year for which advance tax is payable, whichever is higher: Provided that if the assessee is a partner of a firm and the assessment of the firm has been completed for a previous year later than that for which the last assessment of the assessee has been completed, his share in the profits from the agricultural income of the firm shall, for the purpose of this sub-section, be included in his total agricultural income of the latest assessment of the firm."; (3) in section 26B,— (a) in sub-section (1), for the words, figures and letter beginning with "If an assese" and ending with", by reason of", the words, figures, letter and brackets "If an assessee finds at any time before the date prescribed under sub-section (1) of section 26A that by reason of" shall be substituted; 163 The West Bengal Finance Act, 1994. [West Ben. Act (Section 4.)• (b) in sub-section (2), for the words, figures and letter "on or before the date prescribed under section 26A", the words "by such date as may be prescribed" shall be substituted; (4) in the Schedule, for paragraph B, the following paragraph shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1994:— "B. In the case of every domestic company, firm or other association of persons,— (a) in a case where the total agricultural income does not exceed one lakh rupees (b) in a case where the total agricultural income exceeds one lakh rupees Rate 65 paise in the rupee. 70 paise in the rupee.". Amendment of West Ben. Act IV of