TMI BlogCredit for tax collected a source for the purposes of sub-section (4) of section 206CX X X X Extracts X X X X X X X X Extracts X X X X ..... of the Act, shall be given to the person form whom the tax has been collected, on the basis of the information relating to collection of tax at source (hereinafter referred to as the collector) to the income-tax authority or the person authorized by such authority. (2) (i) Where tax has been collected at source and paid to the Central Government, credit for such tax shall be given for the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Central Government shall be granted on the basis of - (i) the information relating to collection of tax furnished by the collector to the income-tax authority or the person authorized by such authority; and (ii) the information in the return of income in respect of the claim for the credit, subject to verification in accordance with the risk management strategy formulated by the Boar ..... X X X X Extracts X X X X X X X X Extracts X X X X
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