Income-tax Act, 2025

Tax deducted is income received - Section 396

Tax deducted is income received.

396. The following sums shall be deemed as income received for the purposes of computing the income of an assessee

(a) sums deducted under this Chapter; and

(b) income-tax paid outside India by way of deduction in respect of which an assessee is allowed a credit against the tax payable under this Act,

except tax paid under section 392(2)(a) and tax deducted as per section 393(3) (Table: Sl. No. 5). .... To read the full section download the app from Google Play store