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TypeBare Act JurisdictionCentral Government

Finance Act 2008 Section 45

Amendment of Section 199

~1 min read
https://sooperkanoon.com/act/48733

Bare act section · Research

About this section

Finance Act 2008 Section 45 is part of Finance Act 2008 - Amendment of Section 199. Read the section text below and explore Indian court judgments that cite it.

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Section Text

For section 199 of the Income-tax Act, the following section shall be substituted, namely:--

199.Credit for tax deducted.- (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.

(2) Any sum referred to in sub-section (1A) of section 192 and paid to the Central Government shall be treated as the tax paid on behalf of the person in respect of whose income such payment of tax has been made.

(3) The Board may, for the purposes of giving credit in respect of tax deducted or tax paid in terms of the provisions of this Chapter, make such rules as may be necessary, including the rules for the purposes of giving credit to a person other than those referred to in sub-section (1) and sub-section (2) and also the assessment year for which such credit may be given..

Frequently asked questions

What does Finance Act 2008 Section 45 provide?

Section Section 45 of the Finance Act 2008 (Amendment of Section 199) is reproduced on this page as part of the Finance Act 2008. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 2008 Section 45?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2008 Section 45. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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