Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Tax credit for deducted tax: deduction remitted to government treated as tax paid and credit allotted to the assessee.</h1> Any tax deducted under the Chapter and paid to the Central Government is treated as tax paid on behalf of the person from whose income the deduction was made and credit for the amount so deducted is to be allowed to that person; where such income is assessable in the hands of another, the payment shall be deemed to have been made on behalf of that other person and credit given accordingly, and joint owners receive credit in proportion to the assessable income.