TMI BlogAmendment of section 201X X X X Extracts X X X X X X X X Extracts X X X X ..... b-sections shall be inserted with effect from the 1st day of April, 2010, namely:— ''(3) No order shall be made under sub-section (1) deeming a person to be an assessee in default for failure to deduct the whole or any part of the tax from a person resident in India, at any time after the expiry of— (i) two years from the end of the financial year in which the statement is filed in a case wher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f April, 2005 in accordance with the provisions of Chapter XVII-B, as the case may be, any person being an employer referred to in sub-section (1A) of section 192 shall, after paying the tax deducted to the credit of the Central Government within the prescribed time, prepare such statements for such period as may be prescribed in each financial year and deliver or cause to be delivered to the pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cial year in which the statement is filed in a case where the statement referred to in section 200 has been filed. It further provides that in any other case such order shall not be made at any time after four years from the end of the financial year in which payment is made or credit is given. It further provides that such order for a financial year commencing on or before 1 st day of April, 200 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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