Deduction or collection at source and advance payment

The tax on income shall be payable as per this Chapter by way of–– (a) deduction or collection at source; or (b) advance payment; or (c) payment under section 392(2)(a).

The tax referred to in sub-section (1) shall be payable as per the provisions of this Chapter, irrespective of the assessment to be made later than the relevant tax year.

Nothing contained in this section, shall affect the charge of tax on such income under section 4(1).

The payment of tax referred to in sub-section (1) shall be in addition to any other mode of tax collection to discharge the liability in respect of income assessed for a tax year.

The tax deducted or collected at source or sum referred to in section 392(2)(a) under this Chapter and paid to the Central Government shall be treated as payment of tax on behalf of the person–– (a) from or in respect of whose income or payment, such tax has been deducted or paid; or (b) from whom such tax has been collected.

The Board may make rules for— (a) giving credit of tax deducted or collected or paid to a person referred to in sub-section (5) and also a person other than the person referred to in the said sub-section;