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of <h1>Clause 196 of Direct Taxes Code Bill 2009 details tax deduction methods and adjustments for income payments.</h1> Clause 196 of the Direct Taxes Code Bill, 2009, outlines the procedures for the payment of income and tax deduction at source. It specifies that income is considered paid if settled in cash, by cheque, draft, account credit, or other prescribed methods. Before paying income, the deductor must ensure tax is paid if the payment is in kind. The deductor can adjust tax deductions for employment income to correct previous discrepancies. Additionally, if the deductor bears the tax, the income must be increased to ensure the net amount payable matches the agreement after tax deductions.
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