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Amendment of section 206AA.

Clause 85 - Bills - DIRECT TAXES - FINANCE BILL, 2016 - Clause 85 - 85. In section 206AA of the Income-tax Act, for sub-section (7), the following sub-section shall be substituted with effect from the 1st day of June, 2016, namely:- (7) The provision .....

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be prescribed. . Clause 85 of the Bill seeks to amend section 206AA of the Income-tax Act relating to requirement to furnish Permanent Account Number. The aforesaid section, inter alia, provides that any person who is entitled to receive any sum or .....

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