Amendment of section 206AA
Section 56 of the Finance Act, 2021 deals with amendment of section 206AA. Amendment of section 206AA. 56. In section 206AA of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted with effect from the 1st day of July, 2021, namely:— 'Provided further that where the tax is required to be deducted under section 194Q, the provisio
Amendment of section 206AA.
56. In section 206AA of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted with effect from the 1st day of July, 2021, namely:—
'Provided further that where the tax is required to be deducted under section 194Q, the provisions of clause (iii) shall apply as if for the words "twenty per cent", the words "five per cent" had been substituted.'.
Section 56, The Finance Act, 2021.
Cross-references
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Questions about Section 56
What does Section 56 of the Finance Act deal with?
Section 56 of the Finance Act is headed "Amendment of section 206AA". Amendment of section 206AA. 56. In section 206AA of the Income-tax Act, in sub-section (1), after the proviso, the following proviso shall be inserted with effect from the 1st day of July, 2021, namely:— 'Provided further that where the tax is required to be deducted under section 194Q, the provisio
How do I find court cases under Section 56 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2021 56, section 56 Finance Act 2021, section 56 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 56 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 206AA (Requirement to furnish Permanent Account Number), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2021. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule26628 words
- First Schedule. First Schedule9574 words
- 2. Income-tax5993 words
- 6. Amendment of section 103582 words
- 130. Substitution of new section for section 43513 words
- 131. Substitution of new section for section 52699 words
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