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Amendment of section 206AA.

Clause 85 - Bills - DIRECT TAXES - Bill - 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 provisions of this sect .....

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. . 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 income or amou .....

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