Amendment of section 201.

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....so, for the word "resident" wherever it occurs, the word "payee" shall be substituted; (c) in sub-section (3), after the words "credit is given", the words, brackets and figures "or two years from the end of the financial year in which the correction statement is delivered under the proviso to sub-section (3) of section 200, whichever is later" shall be inserted. - Clause 49 of the Bill seeks....

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....is proposed to amend the said first proviso so as to substitute the word "resident" with the words "payee". It is further proposed to make a similar amendment in the proviso to sub-section (1A) of the said section. Sub-section (3) of the said section provides that no order deeming a person to be an assessee in default for failure to deduct the whole or any part of the tax from a payment made to ....