Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act 2008 amends Section 206C: Tax credit rules updated, date changed to April 1, 2010.</h1> Section 206C of the Income-tax Act has been amended by the Finance Act, 2008. The revised sub-section (4) states that any amount collected and paid to the Central Government shall be considered as a tax payment on behalf of the person from whom it was collected, with credit given in the relevant assessment year as per prescribed rules. Additionally, in sub-section (5), the date in the first proviso has been changed from '1st day of April, 2008' to '1st day of April, 2010.'