Credit for Advance Tax

Section 410 — - CREDIT FOR ADVANCE TAX

Section 410 of the Income-tax Act, 2025 corresponds to s. 219 (FA 1987) of the Income-tax Act, 1961, restated within the consolidated advance tax framework of Chapter XIX.

STATUTORY ARCHITECTURE

Advance tax paid is treated as tax paid; credit given in regular assessment after computation of total tax liability. Excess refunded with interest u/s 244A.

PRACTITIONER PLANNING NOTES

• Track challans by AY; mismatched AY in challan causes credit denial -- prompt rectification via OLTAS.

CROSS-REFERENCES

• s. 403-411 (advance tax framework, this Sub-Chapter).
• s. 425 (interest for deferment of advance tax).
• s. 423 / 424 (interest for default in return / advance tax).