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of <h1>Income-tax Act Section 196A updated: No tax deduction on income credited or paid from June 1, 1999.</h1> Section 196A of the Income-tax Act is amended by inserting a proviso in sub-section (1), effective from June 1, 1999. This proviso stipulates that no tax deduction shall be made from any income credited or paid on or after this date.
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