198 Income Tax Act - Tax deducted is income received

Section 198 of Income Tax Act 1961 - Tax deducted is income received

All sums deducted in accordance with 1 the foregoing provisions of this Chapter shall, for the purpose of computing the income of an assessee, be deemed to be income received:

2Provided that the sum being the tax paid, under sub-section (1A) of section 192 for the purpose of computing the income of an assessee, shall not be deemed to be income received.
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1. Subs. by Act 23 of 2004, s. 40, for certain words (w.e.f. 1-10-2004).

2. Ins. by Act 20 of 2002, s. 86 (w.e.f. 1-6-2002).