https://www.taxtmi.com/manuals?id=5360 Section 396 deems tax deducted at source to be income received by the assessee, requiring inclusion of the deducted amount in gross income despite receipt of only the net amount. Creditable foreign income-tax deducted is similarly included in gross income. Specified employer-paid tax on non-monetary perquisites and specified tax deductions are excluded. The provision is a computation mechanism for grossing up income and does not impose additional tax. en-us Fri, 11 Oct 2024 14:15:00 +0530 Sat, 29 Aug 2026 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5360 Section 396 deems tax deducted at source to be income received by the assessee, requiring inclusion of the deducted amount in gross income despite receipt of only the net amount. Creditable foreign income-tax deducted is similarly included in gross income. Specified employer-paid tax on non-monetary perquisites and specified tax deductions are excluded. The provision is a computation mechanism for grossing up income and does not impose additional tax. Manuals Income Tax Fri, 11 Oct 2024 14:15:00 +0530 https://www.taxtmi.com/manuals?id=5360