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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 206C Tax Collection Rates Amended: New Rates for Alcohol, Tendu Leaves, Timber, and Forest Produce Effective 1996.</h1> Section 206C of the Income-tax Act has been amended by the Finance (No. 2) Act, 1996, effective from October 1, 1996. The amendment revises the table in sub-section (1) to specify tax collection at source rates for certain goods. The rates are: ten percent for alcoholic liquor (excluding Indian-made foreign liquor) and tendu leaves, fifteen percent for timber obtained under a forest lease, five percent for timber obtained by any other means, and fifteen percent for other forest produce excluding timber and tendu leaves.
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