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>Amendment to Section 196A: No Tax Deduction on Income Credited or Paid After April 1, 2003.</h1> Section 196A of the Income-tax Act has been amended by the Finance Act, 2003. A proviso has been added to sub-section (1), stating that no deduction shall be made from any income credited or paid on or after April 1, 2003. This amendment affects the manner in which deductions are handled for certain income from the specified date, altering the previous tax treatment under the Income-tax Act.