Finance Act, 1995

Amendment of section 175 (power to obtain information as to interest paid or credited without deduction of tax) of Income Tax Act, 1967.

168.—As respects the year 1995-96 and subsequent years of assessment, section 175 óf the Income Tax Act, 1967 , is hereby amended in subsection (4) and in the proviso thereto by the substitution of “resident” for “ordinarily resident” in each place where it occurs.