198. Tax deducted is income received.  

All sums deducted in accordance with the provisions of sections 192 to 194, section 194A, section 194B, section 194BB,section 194C, section 194D, section 194E, section 194EE, section 194F,section 194G, section 194H, section 194-I, section 194J, section 194K,section 194L, section 195, section 196A, section 196B, section 196C and section 196Dshall, for the purpose of computing the income of an assessee, be deemed to be income received.

Provided that the sum being the tax paid, under sub-section (1A) of section 192 for the purpose of computing the income of an assessee, shall not be deemed to be income received.