While Passing the bill in the Loksabha as on 18-7-2019, the following clause was inserted:
New Clause 48A
Amendments made:
Page 19, after line 15, insert –
48A. In section 198 of the Income-tax Act, after the first proviso, the following proviso shall be inserted with effect from the 1st day of September, 2019, namely –
“Provided further that the sum deducted in accordance with the provisions of section 194N for the purpose of computing the income of an assessee, shall not be deemed to be income received.”.’. (21)
