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of <h1>Section 199 of Income-tax Act updated: New sub-section (2) ensures tax credit for individuals with certificate under section 203.</h1> Section 199 of the Income-tax Act is amended by renumbering it as sub-section (1) and introducing a new sub-section (2), effective June 1, 2002. This new provision states that any sum paid to the Central Government, as referred to in sub-section (1A) of section 192, will be considered tax paid on behalf of the individual whose income is concerned. The individual will receive credit for this amount upon providing the certificate issued under section 203 during the assessment for the applicable assessment year.
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