TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 206C: Returns via Floppy Disks or CD-ROMs Valid; Lower Tax Rate Certificates Possible</h1> Section 206C of the Income-tax Act was amended effective June 1, 1999, to include provisions for filing returns via computer media such as floppy disks and CD-ROMs. These returns are considered valid without needing the original documents. The amendment mandates checks and authentication by the Assessing Officer, who must ensure data preservation. Additionally, if the Assessing Officer finds a buyer's income justifies a lower tax rate, they can issue a certificate for tax collection at this lower rate. The Board can establish rules for applying for such certificates, considering taxpayer convenience and revenue interests.
TaxTMI 
TaxTMI 
