Withholding tax rate increase on specified income takes effect from September 2019, altering the prior statutory rate. The amendment substitutes the words "one per cent." in section 194DA with "five per cent. on the amount of income comprised therein", effective from the ... Summary
Withholding tax rate increase on specified income takes effect from September 2019, altering the prior statutory rate.
The amendment substitutes the words "one per cent." in section 194DA with "five per cent. on the amount of income comprised therein", effective from the first day of September, 2019.
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