Section 49 - Amendment of section 198. - Finance (No. 2) Act, 2019

Amendment of section 198. 49. In section 198 of the Income-tax Act, after the first proviso, the following proviso shall be inserted with effect from the 1st day of September, 2019, namely:- Provided further that the sum deducted in accordance with the provisions of section 194N for the purpose of computing the income of an assessee, shall be deemed to be income received. .