Section 14 - Amendment of Section 194A - Finance Act, 1968

14. Amendment of Section 194A In section 194A of the Income-tax Act, - (a) in sub-section (2), for the words be signed in the presence of a Gazetted Officer of the Central or a State Government and bear an attestation by such Officer to the effect that the person who has signed the statement is known to him , the following shall be substituted, namely :- be signed in the presence of - (a) a Member of Parliament or a State Legislature; or (b) a member of a District Council or a Metropolitan Council, a Municipal Corporation or Municipal Committee; or (c) a Gazetted Officer of the Central or a State Government; or (d) an officer of any banking company (including a co-operative bank) of the rank of sub-agent, agent or manager, and bear an attestation by such member or officer to the effect that the person who has signed the statement is known to him. ; (b) in sub-section (3), - (i) in sub-clause (f) of clause (iii), after the words institution, association or body , the words or class of institutions, associations or bodies shall be inserted; (ii) after clause (iii), the following clauses shall be inserted, namely :- (iv) to such income credited or paid by a firm to a partner of the firm; (v) to such income credited or paid by a co-operative society to any other co-operative society. .