Deduction or collection at source and advance payment (General) - Section 390 (New) / Section 190 (Old)

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.... Section 390(1): Modes of payment of tax Tax on income is payable through any of the following modes: • Deduction or collection at source (TDS/TCS); • Advance tax; • Direct payment under section 392(2)(a) (non-monetary perquisite) (i.e., where tax is required to be paid directly instead of being deducted at source). This provision reflects ....

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....addition to any other recovery mechanism available under the Act. Accordingly, if tax remains payable after assessment, the Department may recover the balance through demand and recovery proceedings. Section 390(5): Tax deducted, collected or paid treated as tax paid on behalf of the relevant person Tax deducted, collected or paid under section 392(2)(a) and deposited with the Centra....

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....balance Rs.1,50,000 remains payable. Section 390(6): Rule-making power read with Rule 203 The Board (CBDT) may frame rules regarding: • granting credit of tax deducted, collected or paid, including credit to a person other than the person referred to in sub-section (5); and • determining the tax year in which such credit shall be allowed. Comparative Ana....