Section 158 - Credit of Advance Tax
Any amount paid by or recovered from a taxpayer by way of advance tax without penalty or interest shall be deemed to have been paid on the income earned for the period and the tax so paid shall be deducted from the assessed tax payable by the taxpayer.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.