Withholding tax provisions omitted under the Income tax Act, removing sections 194K and 194L and changing withholding obligations. The Finance Act amends the Income-tax Act by omitting sections 194K and 194L, removing the specific withholding obligations imposed by those provisions ... Summary
Withholding tax provisions omitted under the Income tax Act, removing sections 194K and 194L and changing withholding obligations.
The Finance Act amends the Income-tax Act by omitting sections 194K and 194L, removing the specific withholding obligations imposed by those provisions and changing payer compliance requirements; the omission takes effect from the 1st day of June, 2016.
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