https://www.taxtmi.com/acts?id=53597 Credit for tax deducted at source or tax collected at source is to be allowed on the basis of information furnished by the deductor or collector. Credit is generally to be given to the deductee for tax deducted at source and to the collectee for tax collected at source, but where a declaration is made that the income is assessable in another person's hands, the credit is to be given to that other person. The rule also provides for the contents and custody of the declaration, issuance of certificates, apportionment of credit across years where income or a lease or licence spans more than one year, and verification based on the return of income and the Board's risk management strategy. en-us Sat, 21 Mar 2026 09:36:42 +0530 Tue, 07 Apr 2026 17:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53597 Credit for tax deducted at source or tax collected at source is to be allowed on the basis of information furnished by the deductor or collector. Credit is generally to be given to the deductee for tax deducted at source and to the collectee for tax collected at source, but where a declaration is made that the income is assessable in another person's hands, the credit is to be given to that other person. The rule also provides for the contents and custody of the declaration, issuance of certificates, apportionment of credit across years where income or a lease or licence spans more than one year, and verification based on the return of income and the Board's risk management strategy. Act-Rules Income Tax Sat, 21 Mar 2026 09:36:42 +0530 https://www.taxtmi.com/acts?id=53597