TCS credit allocation to non-collectee enables transfer of tax credit where income is assessable in another person's hands. Amendments permit credit for Tax Collected at Source to be allotted to a person other than the collectee where the collectee's income is assessable in the hands of that other person. Rule 37-I requires the collectee to file a declaration naming the person to receive credit with PAN, address, amount and reasons; the collector must report the collection in that person's name, issue the TCS certificate in that name and retain the declaration.