Section 194 amendment: removal of the second proviso modifies withholding tax applicability and compliance requirements. The Finance Act, 1993 omits the second proviso to section 194 of the Income-tax Act, with effect from the 1st day of June, 1993, thereby removing the ... Summary
Section 194 amendment: removal of the second proviso modifies withholding tax applicability and compliance requirements.
The Finance Act, 1993 omits the second proviso to section 194 of the Income-tax Act, with effect from the 1st day of June, 1993, thereby removing the prior proviso's conditions and the compliance consequences that followed from that proviso.
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