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2025Section 410

410. Credit for advance tax.

In the 1961 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

Any sum, other than a penalty or interest, paid by or recovered from an assessee as advance tax in pursuance of this Part shall be treated as a payment of tax in respect of the income of the tax year in which it was payable, and credit therefor shall be given to such assessee in the regular assessment.

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·