# The Finance Act, 1973, Section 16: Amendment of section 194C

- Act: The Finance Act, 1973 (Act 21 of 1973)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1973/section/16/

## Text

Amendment of section 194C 16. In section 194C of the Income-tax Act,— (a) in sub-section (1),— (i) in clause (d), for the word "company,", the words "company; or" shall be Substituted; (ii) after clause (d), the following clause shall be inserted, namely:— “(e) any co-operative society,”; (b) in sub-section (3),— (i) in clause (ii), for the word and figures "June, 1972.", the words and figures "June, 1972; or" shall be substituted; (ii) after clause (ii), the following clause shall be inserted,, namely:— “(iii) any sum credited or paid before the 1st day of June, 1973, in pursuance of a contract between the contractor and a co-operative society or in pursuance of a contract between such contractor and the sub-contractor in relation to any work (including supply of labour for carrying out any work) undertaken by the contractor for the co-operative society.”. [Finance Act, 1973] © Copyright. Taxmann Publications Pvt. Ltd.

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