https://www.taxtmi.com/acts?id=10421 Credit for tax collected at source is allowed to the person from whom tax was collected on the basis of collector information and payment to the Central Government. If income is assessable in another person's hands, the collectee may file a declaration to direct credit to that other person and the collector must report and issue the certificate accordingly. Credit is allocated to the assessment year when income is assessable, may be proportionally spread for multi-year leases or licenses, and is claimed in the return subject to verification under the Board's risk management strategy. en-us Wed, 18 Mar 2009 00:23:24 +0530 Thu, 17 Oct 2024 12:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10421 Credit for tax collected at source is allowed to the person from whom tax was collected on the basis of collector information and payment to the Central Government. If income is assessable in another person's hands, the collectee may file a declaration to direct credit to that other person and the collector must report and issue the certificate accordingly. Credit is allocated to the assessment year when income is assessable, may be proportionally spread for multi-year leases or licenses, and is claimed in the return subject to verification under the Board's risk management strategy. Act-Rules Income Tax Wed, 18 Mar 2009 00:23:24 +0530 https://www.taxtmi.com/acts?id=10421