Payment of income and deduction of tax
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....;(b) by issue of a cheque or draft; (c) by credit to any account, whether called "Suspense account" or by any other name; or (d) by any other mode as may be prescribed. (2) The deductor shall, before making the payment of income, ensure that the tax deductible in respect of the income has been paid, if the payment is wholly, or partly, in kind. (3)....


TaxTMI
TaxTMI