Income Tax Act 2025: Section 518 for Tax Year 2025-26

Section 518, Income Tax Act 2025: Indemnifies persons deducting, retaining, or paying tax on another’s income for Tax Year 2025-26.

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Indemnity

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

Every person deducting, retaining, or paying any tax in pursuance of this Act in respect of an income belonging to another person shall be indemnified for the deduction, retention, or payment thereof.


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