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[Cites 0, Cited by 9] [Section 206C] [Entire Act]

Union of India - Subsection

Section 206C(4) in The Income Tax Act, 1961

(4)Any amount collected in accordance with the provisions of this section and paid to the credit of the Central Government shall be deemed to be a payment of tax on behalf of the person from whom the amount has been collected and credit shall be given to such person for the amount so collected in a particular assessment year in accordance with the rules as may be prescribed by the Board from time to time.