Credit for tax collected treats sums remitted to government as tax paid on behalf of the collectee; procedural rules follow. Sums collected under this Sub chapter and paid to the Central Government are deemed to be a payment of tax on behalf of the collectee; the Board may ... Summary
Credit for tax collected treats sums remitted to government as tax paid on behalf of the collectee; procedural rules follow.
Sums collected under this Sub chapter and paid to the Central Government are deemed to be a payment of tax on behalf of the collectee; the Board may prescribe the procedure for giving credit, the applicable financial year for credit, and other connected matters.
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