Section 202 of Income Tax Act for AY 2023-24

Section 202 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Deduction only one mode of recovery.

Amended and updated notes on section 202 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Deduction only one mode of recovery.

Chapter XVII (Sections 190 to 234G) of the Income Tax Act 1961 deals with the provisions related to collection and recovery of tax. Section 202 of IT Act 1961 provides for Deduction only one mode of recovery.

Recently, we have discussed in detail section 201 (Consequences of failure to deduct or pay) of IT Act 1961. Today, we learn the provisions of section 202 of Income-tax Act 1961. The amended provision of section 202 is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 202 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-202: Deduction only one mode of recovery

The power to recover tax by deduction under the foregoing provisions of this Chapter shall be without prejudice to any other mode of recovery.


Open Demat Account

For Investing or Trading

(Best Investing and Trading Platform in India)

Learn More