CBDT Circular on Section 206C Of The Income-Tax Act, 1961 – Collection At Source – Profits And Gains From Business Of Trading In Alcoholic Liquor, Forest Produce, Scrap, Etc. – Clarifications On Amendment Made In Section 206c By Finance Act, 2016

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SECTION 206C OF THE INCOME-TAX ACT, 1961 – COLLECTION AT SOURCE – PROFITS AND GAINS FROM BUSINESS OF TRADING IN ALCOHOLIC LIQUOR, FOREST PRODUCE, SCRAP, ETC. – CLARIFICATIONS ON AMENDMENT MADE IN SECTION 206C BY FINANCE ACT, 2016 CIRCULAR NO.22/2016 [F.NO.370142/17/2016-TPL], DATED 8-6-2016 Section 206C of the Income-tax Act, 1961 (hereafter referred to as ‘Act’), prior…

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