Amendment of section 194C

Section 16 of the Finance Act, 1973 deals with amendment of section 194C. 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; The Act was enacted on 11 May 1973.

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]

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Section 16, The Finance Act, 1973 (Act 21 of 1973).