Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to Section 197: Clause 89 of Finance Bill 2020 includes Section 194-O for lower tax deduction certificates.</h1> Clause 89 of the Finance Bill, 2020, proposes an amendment to section 197 of the Income-tax Act. It aims to modify sub-section (1) by replacing '194M' with '194M, 194-O,' thereby including sums under section 194-O as eligible for a certificate for deduction at a lower rate. This amendment is scheduled to take effect from April 1, 2020.