Credit for tax deducted: rulemaking empowers allocation of credit to persons and specification of applicable financial years. The provision vests the Board with rulemaking power to give credit in respect of tax deducted by prescribing rules on (a) the person entitled to credit, ... Summary
Credit for tax deducted: rulemaking empowers allocation of credit to persons and specification of applicable financial years.
The provision vests the Board with rulemaking power to give credit in respect of tax deducted by prescribing rules on (a) the person entitled to credit, including the deductee or any other person, (b) the financial year for which such credit may be given, and (c) any other matter connected with giving such credit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.