What does Section 404 of the Income-tax Act, 2025 provide?

Section 404 provides the conditions of liability to pay advance tax under the Income-tax Act, 2025.

When is an assessee liable to pay advance tax under Section 404?

An assessee is liable to pay advance tax during a financial year if the advance tax payable during that year, as computed under this Part, is ₹10,000 or more.

Which Chapter covers Section 404 of the Income-tax Act, 2025?

Section 404 is covered in Chapter XIX on collection and recovery of tax under the Income-tax Act, 2025.

What is the subject of Part C in Chapter XIX of the Income-tax Act, 2025?

Part C in Chapter XIX deals with advance payment of tax.

Section 404 of Income-tax Act, 2025 – Conditions of liability to pay advance tax

The Income-tax Act, 2025

Chapter-XIX Collection and Recovery of Tax

C.––Advance payment of tax

Section 404: Conditions of liability to pay advance tax.

404. Advance tax shall be payable by the assessee during a Financial year, where the amount of such tax payable during that year, as computed under this Part, is ₹10000 or more.

Section 404 of Income-tax Act, 2025 – Conditions of liability to pay advance tax

The Income-tax Act, 2025

Chapter-XIX Collection and Recovery of Tax

Section 404: Conditions of liability to pay advance tax.

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