Amendment of section 241A.
92. In section 241A of the Income-tax Act, the following proviso shall be inserted, namely:––
“Provided that the provisions of this section shall not apply from the 1st day of April, 2023.”.
Notes on Clauses:
Clause 92 of the Bill seeks to amend section 241A of the Income-tax Act relating to withholding of refund in certain cases.
It is proposed to insert a new proviso in the said section to provide that the provisions thereof shall not apply from 1st April, 2023.
This amendment will take effect from 1st April, 2023.