Amendment of section 206AA.

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Full Text of the Document

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.... provisions of clause (iii) shall apply as if for the words "twenty per cent.", the words "five per cent." had been substituted.'. - Clause 50 of the Bill seeks to amend section 206AA of the Income-tax Act relating to requirement to furnish Permanent Account Number. Sub-section (1) of the said section provides that notwithstanding anything contained in any other provisions of this Act, any per....