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    <title>Amendment of section 206C</title>
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    <description>The amendment lowers the collection rate specified in the Table to section 206C(1) for the identified item by substituting the earlier percentage with a lower rate, deemed effective from the stated date. It also inserts sub section (5A) requiring every person collecting tax under this section to prepare and deliver half yearly returns for periods ending 30th September and 31st March to the prescribed income tax authority in the prescribed form, manner, particulars, verification and within prescribed time limits.</description>
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      <description>The amendment lowers the collection rate specified in the Table to section 206C(1) for the identified item by substituting the earlier percentage with a lower rate, deemed effective from the stated date. It also inserts sub section (5A) requiring every person collecting tax under this section to prepare and deliver half yearly returns for periods ending 30th September and 31st March to the prescribed income tax authority in the prescribed form, manner, particulars, verification and within prescribed time limits.</description>
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