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TMI BlogCredit for tax deductedX X X X Extracts X X X X X X X X Extracts X X X X ..... rd may, for the purposes of giving credit in respect of tax deducted or tax paid in terms of the provisions of this Chapter, make such rules as may be necessary, including the rules for the purposes of giving credit to a person other than those referred to in sub-section (1) and sub-section (2) and also the assessment year for which such credit may be given. ] ------------------------ Notes : 1. Substituted by Finance Act, 2008, w.e.f. 1.4.2008. Prior to substitution section 199 was read as under: "199. 1 [(1)] Any deduction made in accordance with 2 [the foregoing provisions of this Chapter] and paid to the Central Government shall be treated as a payment of 3 [tax] on behalf of the person from whose income the de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 [(2) Any sum referred to in sub-section (1A) of section 192 and paid to the Central Government shall be treated as the tax paid on behalf of the person in respect of whose income, such payment of tax has been made and credit shall be given to him for the amount so paid on production of the certificate furnished under section 203 in the assessment under this Act for the assessment year for which such income is assessable.] 11 [(3) Where any deduction is made in accordance with the foregoing provisions of this Chapter on or after the 1st day of April, 12 [2008] and paid to the Central Government, the amount of tax deducted and specified in the statement referred to in section 203AA shall be treated as tax paid on behalf of the pers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase may be," by the Finance Act, 1965, w.e.f. 1-4-1965. 4. Inserted by the Finance (No. 2) Act, 1996, w.e.f. 1-4-1997. 5. Words "(including a provisional assessment under section 141A), if any," omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. The expression in italics was inserted by the Finance Act, 1968, w.e.f. 1-4-1968. 6. Substituted for "made for the immediately following assessment year under this Act" by the Finance Act, 1987, w.e.f. 1-6-1987. 7. Substituted by the Finance Act, 1968, w.r.e.f. 1-4-1962. 8 . Inserted by the Finance (No. 2) Act, 1996, w.e.f. 1-4-1997. 9. Substituted, by the Finance (No. 2) Act, 1996. Prior to its substitution, the second proviso, as substituted by the Financ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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