Amendment of section 206C.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ds Percentage (1) (2) (3) (viii) Motor vehicle, value exceeding ten lakh rupees one per cent.: ; (ii) in sub-section (1D),- (A) after the words or jewellery , the words or any other goods (other than bullion or jewellery) or providing any service shall be inserted; (B) in clause (ii), for the word rupees. , the words rupees; or shall be substituted; (C) after clause (ii), the following clause shal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l be inserted. - Clause 86 of the Bill seeks to amend section 206C of the Income-tax Act relating to profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc. The aforesaid section, inter alia, provides that the seller shall collect tax at source at specified rate from the buyer at the time of sale of certain goods specified under the said section. It is propo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X