Section 396
Tax deducted is income received.
About this Act
An Act to consolidate and amend the law relating to income-tax.
The following sums shall be deemed as income received for the purposes of computing the income of an assessee—
(a) sums deducted under this Chapter; and
(b) income-tax paid outside India by way of deduction in respect of which an assessee is allowed a credit against the tax payable under this Act, except tax paid under section 392(2)(a) and tax deducted as per section 393(3) (Table: Sl. No. 5).
(a) sums deducted under this Chapter; and
(b) income-tax paid outside India by way of deduction in respect of which an assessee is allowed a credit against the tax payable under this Act, except tax paid under section 392(2)(a) and tax deducted as per section 393(3) (Table: Sl. No. 5).