# The Finance Act, 2008, Section 48: Amendment of section 206C

- Act: The Finance Act, 2008
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2008/section/48/

## Text

Amendment of section 206C. 48. In section 206C of the Income-tax Act,— (a ) for sub-section (4), the following sub-section shall be substituted, namely:— "(4) Any amount collected in accordance with the provisions of this section and paid to the credit of the Central Government shall be deemed to be a payment of tax on behalf of the person from whom the amount has been collected and credit shall be given to such person for the amount so collected in a particular assessment year in accordance with the rules as may be prescribed by the Board from time to time."; (b ) in sub-section (5), in the first proviso, for the figures, letters and words ‘1st day of April, 2008’, the figures, letters and words ‘1st day of April, 2010’ shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.

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