Amendment of section 272A

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..... ct which relates to penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. Vide clause 67 of the Bill proposes to amend section 206A of the Income-tax Act relating to furnishing of quarterly return in respect of payment of interest to residents without deduction of tax.The proposed amendment seeks to provide that any banking c .....

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..... computer readable media. It is further provided that the Central Government may, by notification in the Official Gazette, require any person other than a person mentioned in sub-section (1) responsible for paying to a resident any income liable for deduction of tax at source under Chapter XVII to prepare and deliver or cause to be delivered such statements for such period as may be prescribed in .....

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