Tax deducted is income received - withholding and certain deducted foreign tax deemed as income for computation, with exclusions. Section 396 deems sums deducted under the Chapter and income-tax paid outside India by way of deduction (for which credit is allowable) as income received ... Summary
Tax deducted is income received - withholding and certain deducted foreign tax deemed as income for computation, with exclusions.
Section 396 deems sums deducted under the Chapter and income-tax paid outside India by way of deduction (for which credit is allowable) as income received for computing an assessee's income, excluding amounts under section 392(2)(a) and deductions under section 393(3).
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