Section 200A Amended: New Sub-section Allows Board to Process Non-Deductor Statements, Effective April 1, 2025.
Section 200A of the Income-tax Act is amended effective April 1, 2025. The amendment changes the marginal heading by replacing the word "source" with "source and other statements." Additionally, a new sub-section (3) is introduced, allowing the Board to create a scheme for processing statements made by individuals who are not deductors.
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