Substitution of new section for section 196A

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....ion of new section for section 196A. For section 196A of the Income-tax Act, the following section shall be substituted, namely: - "196A. Tax not to be deducted from any income payable to ....

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....ompany, the person responsible for making the payment shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or d....