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Home Bare Acts Phrase: section 201Taxation Laws (Amendment) Act, 2003 Section 8
Title: Amendment of Section 201
State: Central
Year: 2003
In section 201 of the Income-tax Act, in sub-section (1A), for the words "fifteen per cent.", the words "twelve per cent." shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act 1999 Section 79
Title: Amendment of Section 201
State: Central
Year: 1999
In section 201 of the Income-tax Act, in sub-section (1A), for the word "fifteen", the word "eighteen" shall be substituted with effect from the 1st day of June, 1999.
View Complete Act List Judgments citing this sectionFinance Act 2007 Section 59
Title: Amendment of Section 201
State: Central
Year: 2007
In section 201 of the Income-tax Act, in sub-section (1A), for the words "twelve per cent. per annum", the words "one per cent. for every month or part of a month" shall be substituted with effect from the 1st day of April, 2008.
View Complete Act List Judgments citing this sectionFinance Act, 2002 Section 89
Title: Amendment of Section 201
State: Central
Year: 2002
In section 201 of the Income-tax Act, in sub-section (1), after the words "If any such person", the words and figures "referred to in section 200" shall be inserted with effect from the 1 si day of June, 2002.
View Complete Act List Judgments citing this sectionFinance Act 2001 Section 74
Title: Amendment of Section 201
State: Central
Year: 2001
In section 201 of the Income-tax Act,- (a) in sub-section (1), after the words "does not deduct", the words "the whole or any part of the tax" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962 ; (b) in sub-section (1A),- (i) after the words "does not deduct", the words "the whole or any part of the tax" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962 ; (ii) for the words "eighteen per cent.", the words "fifteen per cent." shall be substituted with effect from the 1st day of June, 2001.
View Complete Act List Judgments citing this sectionFinance Act, 2006 Section 42
Title: Amendment of Section 201
State: Central
Year: 2006
In section 201 of the Income-tax Act, in sub-section (1A), after the words "such tax is actually paid", occurring at the end, the words, brackets and figures "and such interest shall be paid before furnishing the quarterly statement for each quarter in accordance with the provisions of sub-section (3) of section 200" shall be inserted with effect from the 1st day of June, 2006.
View Complete Act List Judgments citing this sectionFinance Act 2008 Section 46
Title: Amendment of Section 201
State: Central
Year: 2008
In section 201 of the Income-tax Act, for sub-section (1), the following sub-section shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2002, namely:-- (1) Where any person, including the principal officer of a company,-- (a) who is required to deduct any sum in accordance with the provisions of this Act; or (b) referred to in sub-section (1A) of section 192, being an employer, does not deduct, or does not pay, or after so deducting fails to pay, the whole or any part of the tax, as required by or under this Act, then, such person, shall, without prejudice to any other consequences which he may incur, be deemed to be an assessee in default in respect of such tax: Provided that no penalty shall be charged under section 221 from such person, unless the Assessing Officer is satisfied that such person, without good and sufficient reasons, has failed to deduct and pay such tax..
View Complete Act List Judgments citing this sectionFinance Act, 2010 Section 42
Title: Amendment of Section 201
State: Central
Year: 2010
In section 201 of the Income-tax Act, for sub-section (1A), the following sub-section shall be substituted with effect from the 1st day of July, 2010, namely:-- "(1A) Without prejudice to the provisions of sub-section (1), if any such person, principal officer or company as is referred to in that sub-section does not deduct the whole or any part of the tax or after deducting fails to pay the tax as required by or under this Act, he or it shall be liable to pay simple interest,-- (i) at one per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and (ii) at one and one-half per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid, and such interest shall be paid before furnishing the statement in accordance with the provisions of sub-section (3) of section 200.".
View Complete Act List Judgments citing this sectionFinance (No. 2) Act 2009 Section 66
Title: Amendment of Section 201
State: Central
Year: 2009
.....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 where the statement referred to in section 200 has been filed; (ii) four years from the end of the financial year in which payment is made or credit is given, in any other case: Provided that such order for a financial year commencing on or before the 1st day of April, 2007 may be passed at any time on or before the 31st day of March, 2011. (4) The provisions of sub-clause (ii) of sub-section (3) of section 153 and of Explanation 1 to section 153 shall, so far as may, apply to the time limit prescribed in sub-section (3).".
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 77
Title: Amendment of Section 201
State: Central
Year: 2012
.....of sub-section (1), the interest under clause (i) shall be payable from the date on which such tax was deductible to the date of furnishing of return of income by such resident"; (B) in sub-section (3), in clause (ii), for the words "four years", the words "six years" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2010; (C) after sub-section (4), the following Explanation shall be inserted with effect from the 1st day of July, 2012, namely:-- "Explanation.--For the purposes of this section, the expression "accountant" shall have the meaning assigned to it in the Explanation to sub-section (2) of section 288.".
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