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income tax
Can anyone please explain what is section 198
Replies (2)
section 198 of the income tax act, 1961 provides that all sums deducted in accordance with the provisions of section 194 and the other sections shall,for the purpose of computing the income of an assessee, be deemed to be income received
if still not clear feel free to ask
if still not clear feel free to ask
Whether it is deemed to income received for the deductor or deductee?
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