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of <h1>Section 199 grants credit for tax deducted at source as payment on taxpayer's behalf</h1> Section 199 of the Income Tax Act, 1961 establishes the mechanism for granting credit for tax deducted at source. Tax deducted under this Chapter and paid to the Central Government is treated as payment on behalf of the income earner, security owner, depositor, property owner, unit-holder, or shareholder. The provision extends to amounts under section 192(1A) paid to the government. The Board is empowered to make rules for giving credit, including to persons beyond those specified in subsections (1) and (2), and to determine the assessment year for which credit may be granted.
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