Bill Proposes Removing Income-Tax Act Sections 194K and 194L on TDS for Units and Capital Asset Compensation.

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....Omission of sections 194K and 194L. - TDS - Bill seeks to omit section 194K relating to income in respect of units and section 194L relating to payment of compensation on acquisition of capital asset, of the Income-tax Act with effect from 1st June, 2016.....