Section 157 - Failure to Pay Installments of Advance Tax
If any taxpayer who is liable to pay advance tax fails to pay any installment of such tax on the due date as per the original calculation or, as the case may be, as per the estimated calculation, he shall be deemed to be in default in respect of such installment.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.