Income Tax Act 2025: Section 401 for Tax Year 2025-26

Section 401 bars direct tax demand if TDS is deducted, limiting assessee’s liability to the deducted amount for Tax Year 2025-26.

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Bar against direct demand on assessee

[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]

Where tax is deductible at the source under this Chapter, the assessee shall not be called upon to pay the tax himself to the extent to which tax has been deducted from that income.

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