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of <h1>Amendment to Section 194C: Redefines transactions scope, excludes certain customer-specified manufacturing from provisions. Effective October 1, 2024.</h1> Section 194C of the Income-tax Act is amended to redefine the scope of certain transactions. Effective October 1, 2024, the amendment specifies that manufacturing or supplying a product according to a customer's specifications using materials purchased from a third party, not the customer or their associate, is excluded from the provisions. Additionally, any sum mentioned in sub-section (1) of section 194J is also excluded. This amendment clarifies the types of transactions subject to the provisions of section 194C.
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