Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Tax deduction on consideration under specified agreement - payer must deduct tax at time of credit or payment. Insertion of 194-IC requires any person paying monetary consideration to a resident under the specified agreement to deduct tax equal to ten per cent of ... Summary
Tax deduction on consideration under specified agreement - payer must deduct tax at time of credit or payment.
Insertion of 194-IC requires any person paying monetary consideration to a resident under the specified agreement to deduct tax equal to ten per cent of such sum at the time of credit or at the time of payment, whichever is earlier; the provision applies only to monetary consideration and operates notwithstanding section 194-IA.
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