Amendment of section 194-I.

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Full Text of the Document

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....se of profession" shall be substituted. - Clause 78 of the Bill seeks to amend 194-I of the Income-tax Act relating to rent. The said section provides that any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of rent, shall, at the time of credit of such income to the account of the payee or at the time of payment thereo....