1,2 In a case other than that referred to in sub-section (1A) of section 192,
where under an agreement or other arrangement, the tax chargeable on any income
referred to in the foregoing provisions of this Chapter is to be borne by the
person by whom the income is payable, then, for the purposes of deduction of tax
under those provisions such income shall be increased to such amount as would,
after deduction of tax thereon at the rates in force for the financial year in
which such income is payable, be equal to the net amount payable under such
agreement or arrangement.
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1. Ins. by Act 11 of 1987, s. 50 (w.e.f. 1-6-1987).
2. Subs. by Act 20 of 2002, s. 81, for "Where, under an agreement" (w.e.f. 1-6-2002).
Section 195A Income payable net of tax
Section 196A Income in respect of units of non-residents
Section 196B Income from units
Section 196C Income from foreign currency bonds or shares of Indian company
Section 196D Income of Foreign Institutional Investors from securities
Section 197 Certificate for deduction at lower rate
Section 197A No deduction to be made in certain cases
Section 198 Tax deducted is income received