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of <h1>Finance Bill 2009 Amends Section 201: New Time Limits for Tax Default Orders Effective April 2010</h1> Clause 65 of the Finance (No. 2) Bill, 2009 amends section 201 of the Income-tax Act. It modifies sub-section (1A) by changing 'the quarterly statement for each quarter' to 'the statement,' effective October 1, 2009. New sub-sections (3) and (4) are introduced, effective April 1, 2010, establishing a time limit for orders deeming a person in default for not deducting tax. Orders cannot be made after two years from the end of the financial year if the statement is filed, or four years in other cases. For financial years starting on or before April 1, 2007, orders can be made until March 31, 2011.
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