64. Advance payment of tax.-

64.  Advance  payment  of  tax.-

¹[(1)  Except  as  provided  in  sub-section  (2),  tax shall be payable by an assessee during each financial year by way of advance payment of tax, hereinafter referred to as "advance tax", in accordance with the  provisions  hereafter  made  in  this  Chapter  if  the  total  income  of  the assessee for the latest income year in respect of which he has been assessed by way of regular assessment, or has been provisionally  assessed under this Ordinance, or the Income-tax Act, 1922 (XI of 1922), ²[exceeds  ³{Six lakh taka}];]

(2) Nothing in sub-section (1) shall apply to any income classifiable under the heads  "Agricultural  income"  and  "Capital  gains" ⁴[excluding  gain  from transfer of share of a company listed with a stock exchange]

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¹Subs. by F.A. 1993
²Subs. for "three lakh taka" by F.A. 2010
³Subs. for "two lakh taka" by F.O. 2007
⁴Ins. by F.A. 2010

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