Amendment of section 196A.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the words "in cash or by the issue of a cheque or draft or by any other mode", the words " by any mode" shall be substituted; (c) the proviso shall be omitted. - Clause 86 of the Bill seeks to amend section 196A of the Income-tax Act relating to income in respect of units of non-residents. Sub-section (1) of the said section provides that any person responsible for paying to a non-resident, ....