Tax Book 2023

Deduction / Payment of Tax Chapter- 23

236H

Advance

Tax on

sales to

Retailer

s

Advance tax has to be collected from retailers at

the time of sales made to them

0.5% for ATL &

1% for non ATL

Nil Adjustable

Every manufacturer,

distributor, dealer,

wholesaler or

commercial importer of

electronics, sugar,

cement, iron, and steel

products, fertilizer,

motorcycles, persticides,

cigarettes, glass textile,

beverages, paint or foam

sector,

at the time of

sale to

retailers

236HA

Advance

Tax on

sale of

certain

petroleu

m

products

Omitted by Finance Act, 2021

236I

Collectio

n of

Advance

Tax by

Educatio

nal

Instituti

on

Omitted by Finance Act, 2022

236K

ATL Non ATL

Nil

Adjustable

Person responsible for

registering or attesting

transfer

At the time of

registering or

attesting the

transfer

2 % 4 %