Amendment to Section 198: Inclusion of Foreign Taxes in Total Income Calculation

Last updated: 26 July 2024

Inclusion of taxes withheld outside India for purposes of calculating total income Section 198 of the Act provides that all sums deducted (tax deducted), under the provisions of Chapter XVII-B shall, for the purpose of computing the income of an assessee, be deemed to be income received. 2. It w

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Category Union Budget   Report

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