Section 64 - Amendment of section 206CCA - Finance Act, 2022

Amendment of section 206CCA 64. In section 206CCA of the Income-tax Act,- (a) in sub-section (1), the brackets and words (hereafter referred to as collectee) shall be omitted; (b) in sub-section (3), for the portion beginning with the words filed the returns of income and ending with the words each of these two previous years: , the following shall be substituted, namely:- furnished the return of income for the assessment year relevant to the previous year immediately preceding the financial year in which tax is required to be collected, for which the time limit for furnishing the return of income under sub-section (1) of section 139 has expired and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in the said previous year: .