https://www.taxtmi.com/acts?id=43612 Amendment revises sub-section (3) to shorten the limitation period for deeming a person an assessee in default for failure to deduct or pay tax, substituting a six-year bar measured from the end of the financial year in which payment is made or credit is given, and preserving an alternative two-year period from the end of the financial year in which a correction statement is delivered, whichever is later; also clarifies proviso reference as the first proviso. en-us Tue, 23 Jul 2024 15:52:53 +0530 Tue, 23 Jul 2024 15:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43612 Amendment revises sub-section (3) to shorten the limitation period for deeming a person an assessee in default for failure to deduct or pay tax, substituting a six-year bar measured from the end of the financial year in which payment is made or credit is given, and preserving an alternative two-year period from the end of the financial year in which a correction statement is delivered, whichever is later; also clarifies proviso reference as the first proviso. Act-Rules Bills Tue, 23 Jul 2024 15:52:53 +0530 https://www.taxtmi.com/acts?id=43612