Section 198:
Tax deducted is income received.
All sums deducted in accordance with 1
the foregoing
provisions of this Chapter shall, for the purpose of computing the income of an assessee, be deemed to
be income received:
2Provided that the sum being the tax paid, under sub-section (1A) of section 192 for the purpose of
computing the income of an assessee, shall not be deemed to be income received.
Notes:
1. Subs. by Act 23 of 2004, s. 40, for certain words (w.e.f. 1-10-2004).
2. Ins. by Act 20 of 2002, s. 86 (w.e.f. 1-6-2002)