Income-tax Act,1961
Act No : 43
Section :
Tax deducted is income received
198. Tax deducted is income received All sums deducted in accordance with the provisions of 5[sections 192 to 194, section 194A 6[, section 194B] 7[,section 194BB] 8[, section 194C] 9[, section 194D] 10[, section 194E] 11[,section 194EE, section 194F, section 194G, section 194H, 12[section 194-1,] 13[section 194J, section 194K,] section 195, section 196A 14[, section 196B 15[, section 196C and section 196D]]]] shall, for the purpose of computing the income of an assessee, be deemed to be income received. ---------------------------------------------------------------------- estimated total income of the previous year in which such income is to be 2 Inserted by the Finance Act,, 1992, w.e.f. 1-6-1992. 3 Substituted for "Commissioner" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 4 Inserted by the Finance Act, 1992, w.e.f. 1-6-1992. 5 Substituted for "sections 192 to 195" by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967. 6 Inserted by the Finance Act, 1972, w.e.f. 1-4-1972. 7 Inserted by the Finance Act, 1978, w.e.f. 1-4-1978. 8 Inserted by the Finance Act, 1972, w.e.f. 1-4-1972. 9 Inserted by the Finance Act, 1973, w.e.f. 1-4-1973. 10 Inserted by the Direct Tax Laws (Second Amendment) Act, 1989, w.e.f. 1-11-1989. 11 Substituted for "section 195 and section 196A" by the Finance (No. 2) Act, 1991, w.e.f. 1-10-1991. 12 Inserted by the Finance Act, 1994, w.e.f. 1-6-1994. 13 Inserted by the Finance Act, 1995, w.e.f. 1-7-1995. 14 Substituted for ", and section 196B" by the Finance Act, 1992, w.e.f. 1-6-1992. 15 Substituted for "and section 196C" by the Finance Act, 1993, w.e.f. 1-6-1993. ------------------------------------------------------------------------ 1.637
Read All Comments
