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[Cites 0, Cited by 44] [Section 199] [Entire Act]

Union of India - Subsection

Section 199(1) in The Income Tax Act, 1961

(1)Any deduction made in accordance with the foregoing provisions of this Chapter and paid to the Central Government shall be treated as a payment of tax on behalf of the person from whose income the deduction was made, or of the owner of the security, or of the depositor or of the owner of property or of the unit-holder, or of the shareholder, as the case may be.