Section 390 — Deduction or collection at source and advance payment
(1) The tax on income shall be payable as per this Chapter by way of—
( a) deduction or collection at source; or
( b) advance payment; or
( c) payment under section 392(2)(a).
(2) The tax referred to in sub-section (1) shall be payable as per the provisions of
this Chapter, irrespective of the fact that the assessment in respect of such income
is to be made in a later tax year.
(3) Nothing contained in this section, shall affect the charge of tax on such income
under section 4(1).
(4) The payment of tax referred to in sub-section (1) shall be in addition to any
other mode of tax recovery to discharge the liability in respect of income assessed
for a tax year.
(5) The tax deducted at source or collected at source or sum referred to in section
392(2)(a)under this Chapter and paid to the Central Government shall be treated
as payment of tax on behalf of the person—
( a) from whose income such tax has been deducted; or
( b) from whom such tax has been collected; or
( c) in respect of whose income such tax has been paid.
(6) The Board may make rules for—
( a) giving credit of tax deducted or collected or paid to a person referred to
in sub-section (5) and also a person other than the person referred to in
the said sub-section;
( b) the tax year for which the credit may be given.
Related sections
- Section 391 — Direct payment
- Section 392 — Salary and accumulated balance due to an employee
- Section 393 — Tax to be deducted at source
- Section 394 — Collection of tax at source
- Section 395 — Certificates
- Section 396 — Tax deducted is income received
- Section 397 — Compliance and reporting
- Section 398 — Consequences of failure to deduct or pay or, collect or pay
- Section 399 — Processing
- Section 400 — Power of Central Government to relax provisions of this Chapter
- Section 401 — Bar against direct demand on assessee
- Section 402 — Interpretation
- Section 403 — Liability for payment of advance tax
- Section 404 — Conditions of liability to pay advance tax
- Section 405 — Computation of advance tax
- Section 406 — Payment of advance tax by assessee on his own accord
- Section 407 — Payment of advance tax by assessee in pursuance of order of Assessing Officer
- Section 408 — Instalments of advance tax and due dates
- Section 409 — When assessee is deemed to be in default
- Section 410 — Credit for advance tax
- Section 411 — When tax payable and when assessee deemed in default
- Section 412 — Penalty payable when tax in default
- Section 413 — Certificate by Tax Recovery Officer and validity thereof
- Section 414 — Tax Recovery Officer by whom recovery is to be effected
- Section 415 — Stay of proceedings in pursuance of certificate and amendment or cancella-tion thereof
- Section 416 — Other modes of recovery
- Section 417 — Recovery through State Government
- Section 418 — Recovery of tax in pursuance of agreements with foreign countries
- Section 419 — Recovery of penalties, fine, interest and other sums
- Section 420 — Tax clearance certificate
- Section 421 — Recovery by suit or under other law not affected
- Section 422 — Recovery of tax arrear in respect of non-resident from his assets
- Section 423 — Interest for defaults in furnishing return of income
- Section 424 — Interest for defaults in payment of advance tax
- Section 425 — Interest for deferment of advance tax
- Section 426 — Interest on excess refund
- Section 427 — Fee for default in furnishing statements
- Section 428 — Fee for default in furnishing return of income, audited accounts and reports
- Section 429 — Fee for default relating to statement or certificate
- Section 430 — Fee for default relating to intimation of Aadhaar number