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<h1>Finance Act 2017 amends Income-tax Act, Section 206C by omitting subsections, revising clauses, and redefining exclusions.</h1> The Finance Act, 2017 amends Section 206C of the Income-tax Act by omitting sub-sections (1D) and (1E). References to sub-section (1D) are removed from sub-sections (2), (3), (3A), (6A), (7), and (9). In the Explanation after sub-section (11), clause (aa) is modified by omitting sub-clause (ii) and adding a new sub-clause (iii) defining entities excluded from sub-section (1F), such as government bodies and certain public sector companies. Clause (ab) is omitted, and clause (c) is revised to remove references to sub-section (1D) in the context of sales and services.