Amendment status not verified — confirm the current text below against the official source.
156 The West Bengal Finance Act, 1994. XVI of 1994.] (7) (Section 2.) shall, in addition to the tax payable by him under section 5 and section 6B, if any, be liable to pay, with effect from the date immediately following the day on- which such contractual transfer price first exceeds two lakh rupees or from the llth day of April, 1994, whichever is later," shall be substituted; (b) in sub-clause (iv), for the words "during any year again exceeds rupees two lakhs, be liable to pay from the first day of the year immediately following such year", the words, figures and letters "calculated from the commencement of any year ending on or after the 1 1 th day of April, 1994, again exceeds two lakh rupees at any time within such year, be liable to pay with effect from the date immediately following the day on which such contractual transfer price again first exceeds two lakh rupees or from the 11th day of April, 1994, whichever is later," shall be substituted; (c) after sub-section (3), the following sub-section shall be inserted:— "(3A) Where a dealer enters into a contract with, and engages, another dealer for execution of a works contract, whether in part or in full, the contractual transfer price relating to the execution of such works contract executed by that other dealer shall, subject to the production of the proof of payment of tax by that other dealer, be deducted from the contractual transfer price of the dealer who engages the other dealer for execution of the works contract."; after section 6E, the following section shall be inserted:— "Payment of