Tag Archives: Section 50 of Finance Act 2018 : Amendment of section 245-O Income Tax Act

Section 50 of Finance Act 2018 : Amendment of section 245-O Income Tax Act

By | April 1, 2018

Section 50 of Finance Act 2018 [Section 50 of Finance Act 2018 deals with Amendment of section 245-O and is covered in CHAPTER III DIRECT TAXES] Amendment of section 245-O 50. In section 245-O of the Income-tax Act,— (i) in sub-section (1), the following proviso shall be inserted, namely:— “Provided that the Authority shall cease to act as an… Read More »