§ 410
Chapter XIX — Collection And Recovery Of Tax
Credit for advance tax
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
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.
D.—Collection and Recovery
When tax payable and when assessee deemed in default.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.