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<h1>Amendment to Section 194C: Co-operative societies now included under Income-tax Act for contractor and labor payments.</h1> Section 194C of the Income-tax Act has been amended to include co-operative societies in its provisions. In sub-section (1), clause (d) is modified to replace the word 'company' with 'company; or,' and a new clause (e) is added to include 'any co-operative society.' In sub-section (3), clause (ii) is amended to include 'June, 1972; or,' and a new clause (iii) is introduced to cover sums credited or paid before June 1, 1973, under contracts involving contractors and co-operative societies or subcontractors for work or labor supply.