Provisional Tax Where Annual Finance Act not in Force

Section 530 — - PROVISIONAL TAX WHERE ANNUAL FINANCE ACT NOT IN FORCE

Section 530 of the Income-tax Act, 2025 corresponds to s. 294 of the Income-tax Act, 1961.

STATUTORY ARCHITECTURE

If on 1-Apr no Annual Finance Act in force, provisional tax payable based on previous year's rates. Accommodates Budget delay.

PRACTITIONER PLANNING NOTES

• Vote-on-Account regime; CBDT issues Notification on rates.

CROSS-REFERENCES

• s. 533 [295] -- Rules.
• s. 535 [298] -- Removal of difficulty.
• s. 536 [Repeal] -- Saving clause.