https://www.taxtmi.com/acts?id=3227 Tax credit equals the excess of tax paid under the deemed-income provisions over the tax otherwise payable on total income; no interest is payable on the credit. The determined credit is carried forward and set off subject to statutory time limits, with set-off permitted only in years when tax is computed under the Act other than under the deemed-income provisions and limited to the difference between tax under normal computation and tax under the deemed provision. Adjustments follow any assessment or revision orders, and specified exclusions to applicability are provided. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3227 Tax credit equals the excess of tax paid under the deemed-income provisions over the tax otherwise payable on total income; no interest is payable on the credit. The determined credit is carried forward and set off subject to statutory time limits, with set-off permitted only in years when tax is computed under the Act other than under the deemed-income provisions and limited to the difference between tax under normal computation and tax under the deemed provision. Adjustments follow any assessment or revision orders, and specified exclusions to applicability are provided. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3227