Section 190 - Deduction at source and advance payment, Section 191 - Direct payment

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..... is payable in the previous year itself by deduction or collection of tax at source or by advance payment of tax. Further the tax paid by the employer u/s 192(1A) on the non-monetary perquisites provided to the employee, shall also be one of the mode of collection of tax under chapter XVII (i.e. Section 190 to Section 234H) of the income tax act, 1961. The taxes deducted/collected or paid as advanc .....

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..... s 191(1), if the income of the assessee in any assessment year, beginning on or after the 1st day of April, 2021, includes income of the nature specified in section 17(2)(vi) and such specified security or sweat equity shares referred to in the said clause are allotted or transferred directly or indirectly by the current employer, being an eligible start-up referred to in section 80-IAC , the inco .....

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..... his Act, and where the assessee has also failed to pay such tax directly, then, such person shall, without prejudice to any other consequences which he may incur, be deemed to be an assessee in default within the meaning of section 201(1) , in respect of such tax. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxma .....

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