https://www.taxtmi.com/acts?id=10421 Credit for tax collected at source is given to the person from whom tax is collected, on the basis of information furnished by the collector. Where income is assessable in the hands of another person, credit is given to that other person on the basis of a declaration by the collectee, and the collector must report the collection and issue the certificate in that person's name. Credit is allowed for the relevant assessment year and, where a lease or licence spans multiple years, apportioned proportionately across those years. en-us Wed, 18 Mar 2009 00:23:24 +0530 Wed, 20 May 2026 16:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10421 Credit for tax collected at source is given to the person from whom tax is collected, on the basis of information furnished by the collector. Where income is assessable in the hands of another person, credit is given to that other person on the basis of a declaration by the collectee, and the collector must report the collection and issue the certificate in that person's name. Credit is allowed for the relevant assessment year and, where a lease or licence spans multiple years, apportioned proportionately across those years. Act-Rules Income Tax Wed, 18 Mar 2009 00:23:24 +0530 https://www.taxtmi.com/acts?id=10421