68. Advance payment of tax by new assessees.

68.  Advance  payment  of  tax  by  new  assessees.- 

Any  person  who  has  not previously been assessed by way of regular assessment under this Ordinance or  the  Income-tax  Act,  1922  (XI  of  1922), shall  before  the  fifteenth  day  of June in each financial year, if his total income, subject to section 64 (2), of the period which would be the income year for the immediately following assessment year is likely to exceed ¹[ ²[six] lakh taka], send to the Deputy Commissioner of Taxes an estimate of his  total  income  and  advance  tax  payable  by  him  calculated  in  the manner  laid  down  in  section  65  and  shall  pay  such  amount  on  such dates specified in section 66 as have not expired by instalments which may be revised according to section 67(2).

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¹Subs for "Three lakh taka" by F.A. 2010

² Subs. for "four" by F. A. 2020

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