Section 410 Income Tax Act 2025 Credit for advance tax.

By | April 3, 2026

Section 410 Income Tax Act 2025

Credit for advance tax.

410. 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.