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of <h1>Tax Payer Bears Tax on Certain Income Under Section 195A, Ensuring Net Payment Matches Agreement.</h1> Section 195A of the Income Tax Act addresses the scenario where tax on certain income is to be borne by the payer rather than the recipient. In such cases, the income amount is increased to ensure that, after tax deduction at the applicable rates for the financial year, the net amount equals the agreed payable sum. This provision is applicable except in situations covered by Section 192(1A). The section serves as a guide for calculating tax deductions to ensure compliance with the agreed net payment terms.
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