Tax deduction at source and advance payment required for income, payable irrespective of later regular assessment. The provision requires tax on any income to be discharged by deduction or collection at source or by advance payment, as applicable, even where a regular ... Summary
Tax deduction at source and advance payment required for income, payable irrespective of later regular assessment.
The provision requires tax on any income to be discharged by deduction or collection at source or by advance payment, as applicable, even where a regular assessment of that income will occur in a subsequent financial year, while preserving the underlying charge to tax.
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