The document is a notice of demand under section 156 of the Income-tax Act, 1961, requiring the payment of advance tax in two installments. The amount payable, due dates, and methods of payment are specified. The assessee has the option to estimate and pay a lower amount if their income subject to advance tax is less than expected. Failure to pay or underpay advance tax may result in interest payments and penalties. The document also includes an order under section 210, detailing the income on which advance tax is payable, deductible taxes, and net amount payable.
Form 28 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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