Deduction under section 196A barred for income credited or paid after the amendment's effective commencement date. Amendment inserts a proviso to section 196A (sub section (1)) disallowing any deduction under that section in respect of income credited or paid on or ... Summary
Deduction under section 196A barred for income credited or paid after the amendment's effective commencement date.
Amendment inserts a proviso to section 196A (sub section (1)) disallowing any deduction under that section in respect of income credited or paid on or after the statute's effective date, thereby modifying the operation of the deduction regime under the relevant direct tax provision.
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