Clause 92 - Amendment of section 206AA. - Finance Bill, 2020

Amendment of section 206AA. 92. 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. .