Section 94 - Amendment of section 206C. - Finance Act, 2023

Amendment of section 206C. 94 . In section 206C of the Income-tax Act, in sub-section (1G), with effect from the 1st day of July, 2023, (i) in clause (a), the words out of India at both the places where they occur shall be omitted; (ii) in the long line, for the word five , the word twenty shall be substituted; (iii) in the first proviso, for the words and is for a purpose other than purchase of overseas tour program package , the words and is for the purposes of education or medical treatment shall be substituted; (iv) in the second proviso, for the words is for a purpose other than purchase of overseas tour program package , the words is for the purposes of education or medical treatment shall be substituted.