# The Finance Act, 2020, Section 94: Amendment of Section 206AA

- Act: The Finance Act, 2020
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2020/section/94/

## Text

Amendment of section 206AA. 94. In section 206AA of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:— 'Provided that where the tax is required to be deducted under section 194-O, the provisions of clause (iii) shall apply as if for the words "twenty per cent", the words "five per cent" had been substituted.'.

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