Amendment of section 194A

Section 14 of the Finance Act, 1968 deals with amendment of section 194A. 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 know The Act was enacted on 11 May 1968.

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]

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Section 14, The Finance Act, 1968 (Act 19 of 1968).