Tax deducted is income received U/s 198 of the IT Act

Sri Y. Rathiesh V. CIT (Andhra Pradesh High Court)

Assessee for the income under the head of “Business or Profession “ or “Income from Other sources” has got option either to follow cash or mercantile system of accounting. Once he chooses the option, he has to follow on regular basis.

As per Rule 37BA , (i) credit for tax deducted at so

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