Income-tax certificate proceedings amended to allow authorised banks and certain bank branches to receive payments and revise form. The amendment inserts a defined term authorised bank consistent with the Income-tax Rules, expands permissible receipt points to include branches of central or major scheduled banks, their subsidiaries and any authorised bank alongside government treasuries, and revises the certificate Appendix form to replace treasury officer entries with manager entries for authorised banks and the major scheduled bank.
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Income-tax certificate proceedings amended to allow authorised banks and certain bank branches to receive payments and revise form.
The amendment inserts a defined term authorised bank consistent with the Income-tax Rules, expands permissible receipt points to include branches of central or major scheduled banks, their subsidiaries and any authorised bank alongside government treasuries, and revises the certificate Appendix form to replace treasury officer entries with manager entries for authorised banks and the major scheduled bank.
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