Section 162 of ITA, 1961 : Section 162: Right Of Representative Assessee To Recover Tax Paid

Explanation using Example

Imagine that Mr. A, who lives abroad, owns property in India. Mr. B is Mr. A's legal representative in India, responsible for managing the property, including collecting rent. The rent income is taxable under the Indian Income-tax Act, 1961. As the representative assessee, Mr. B is required to pay taxes on the rental income on behalf of Mr. A.

According to Section 162(1), after Mr. B pays the tax due on the rental income, he is allowed to recover the amount of tax paid from Mr. A. Alterna...

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