# The Finance Act, 1992, Section 76: Amendment of section 197

- Act: The Finance Act, 1992 (Act 18 of 1992)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1992/section/76/

## Text

Amendment of section 197 76. In section 197 of the Income-tax Act, in sub-section (7), for the portion, beginning with the words "where, in the case of any income of any person other than a company" and ending with the words "the Assessing Officer is satisfied", the following shall he substituted, with effect from the 1st day of June, 1992, namely:— "where, in the case of any income of any person, income-tax is required to be deducted at the time of credit or, as the case may be, at the time of payment at the rates in force under the provisions of sections 192, 193, 194A, 194D and 195, the Assessing Officer is satisfied". [Finance Act, 1992] © Copyright. Taxmann Publications Pvt. Ltd.

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