# The Finance Act, 1968, Section 14: Amendment of section 194A

- Act: The Finance Act, 1968 (Act 19 of 1968)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1968/section/14/

## Text

Amendment of section 194A 14. In section 194A of the Income-tax Act,— (a) in sub-section (2), for the words "be signed in the presence of a Gazetted Officer of the Central or a State Government and bear an attestation by such Officer to the effect that the person who has signed the statement is known to him.", the following shall be substituted, namely:— "be signed in the presence of— (a) a Member of Parliament or a State Legislature; or (b) a member of a District Council or a Metropolitan Council, a Municipal Corporation or Municipal Committee; or (c) a Gazetted Officer of the Central or a State Government; or (d) an officer of any banking company (including a co-operative bank) of the rank of sub-agent, agent or manager, and bear an attestation by such member or officer to the effect that the person who has signed the statement is known to him."; (b) in sub-section (3),— (i) in sub-clause (f) of clause (iii), after the words "institution, association or body", the words "or class of institutions, associations or bodies" shall be inserted; (ii) after clause (iii), the following clauses shall be inserted, namely:— "(iv) to such income credited or paid by a firm to a partner of the firm; (v) to such income credited or paid by a co-operative society to any other co-operative society.", [Finance Act, 1968] © Copyright. Taxmann Publications Pvt. Ltd.

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