Section - 198 (of Income Tax Act, 1961), Tax deducted is income received
Section - 198 (of Income Tax Act, 1961), Tax deducted is income received
Tax deducted is income received.
All sums deducted in accordance with the foregoing provisions of this Chapter shall, for the purpose of computing the income of an assessee, be deemed to be income received :
Provided that the sum being the tax paid, under sub-section (1A) of section 192 (of Income Tax Act, 1961) for the purpose of computing the income of an assessee, shall not be deemed to be income received:
Provided further that the sum deducted in accordance with the provisions of section 194N (of Income Tax Act, 1961) for the purpose of computing the income of an assessee, shall not be deemed to be income received.
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