Home > Income Tax Act 2025 > Section-410Last Updated: Feb 18th 2025
Learn to understand the section-410 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
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 the assessee in the regular assessment.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.