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Section 410: Credit for advance tax · Complied AI

Chapter 19
Section 410

Section 410Chapter 19

Credit for advance tax

Any sum, other than a penalty or interest, paid by or recovered from an assessee as advance tax in pursuance of this Part shall be treated as a payment of tax in respect of the income of the tax year in which it was payable, and credit therefor shall be given to the assessee in the regular assessment.

Section 409 Section 410 Section 411