# The Finance Act, 1987, Section 54: Amendment of section 203

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/54/

## Text

Amendment of section 203 54. In section 203 of the Income-tax Act, for the portion beginning with the words "shall at the time of credit" and ending with the words "dividend to a shareholder" the following shall be substituted with effect from the 1st day of June, 1987, namely:— "shall within such period as may be prescribed from the time of credit or payment of the sum, or as the case may be from the time of issue of a cheque or warrant for payment of any dividend to a shareholder". [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

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