Tax deducted at source bars direct recovery from the assessee, while defaulting deductors remain subject to recovery action. Section 401 of the Income-tax Act, 2025 bars direct recovery from an assessee of tax actually deducted at source from the assessee's income, preventing ... Summary
Tax deducted at source bars direct recovery from the assessee, while defaulting deductors remain subject to recovery action.
Section 401 of the Income-tax Act, 2025 bars direct recovery from an assessee of tax actually deducted at source from the assessee's income, preventing double recovery. The protection is limited to the amount deducted; any tax not deducted or only partly deducted may remain recoverable. Where deducted tax is not deposited with the Central Government, recovery is ordinarily to be pursued against the defaulting deductor under section 398, with applicable interest, penalty and recovery provisions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
