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of <h1>Tax must be collected or paid at source or in advance and counts as tax even if assessed later</h1> Tax on income must be paid by deduction or collection at source, advance payment, or the specified payment mechanism, and such payment is required even if assessment for that income occurs in a later tax year. These provisions do not affect the underlying charge to tax and operate in addition to other recovery methods for assessed liabilities. Amounts deducted, collected, or paid under the Chapter are treated as tax paid on behalf of the person from whose income they arise or in respect of whose income they are paid. The Board may prescribe rules for crediting such payments and determining the tax year for which credit is given.
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