Amendment of section 206C.

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..... Sl. No. Nature of goods Percentage (1) (2) (3) (viii) Motor vehicle, value exceeding ten lakh rupees one per cent.: ; (ii) in sub-section (1D),- (A) after the words or jewellery , the words or any other goods (other than .....

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..... ch conditions, as may be prescribed. ; (iv) after sub-section (11), in the Explanation, in clause (c), after the word sold , the words, brackets, figure and letter or services referred to in sub-section (1D) are provided shall be inserted. - Clause 86 of the Bill seeks to amend section 206C of the Income-tax Act relating to profits and gains from the business of trading in alcoholic liquo .....

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..... as been deducted by the payer under Chapter XVII-B of the Act. It is also proposed to insert a new sub-section after sub-section (1D) so as to provide that nothing contained in sub-section (1D) in relation to sale of any goods (other than bullion or jewellery) or services shall apply to such classes of buyers who fulfils such conditions, as may be prescribed. These amendments will take effec .....

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