Certificate for lower tax deduction now covers payments under newly introduced withholding provision, expanding eligibility for lower-rate certificates. Amendment adds section 194M to the list of provisions in section 197, making sums on which tax is deducted under the new withholding provision eligible ... Summary
Certificate for lower tax deduction now covers payments under newly introduced withholding provision, expanding eligibility for lower-rate certificates.
Amendment adds section 194M to the list of provisions in section 197, making sums on which tax is deducted under the new withholding provision eligible for a certificate for deduction at a lower rate; the change is consequential to insertion of the new provision and operates from 1st September, 2019.
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