Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Requirement to furnish PAN: reduced withholding rate for payments covered by new e commerce deduction provision, easing PAN linked deduction burdens. The Bill inserts a proviso in section 206AA(1) so that, for tax required to be deducted under the e commerce withholding provision, the operation of ... Summary
Requirement to furnish PAN: reduced withholding rate for payments covered by new e commerce deduction provision, easing PAN linked deduction burdens.
The Bill inserts a proviso in section 206AA(1) so that, for tax required to be deducted under the e commerce withholding provision, the operation of clause (iii) is modified to apply a lower withholding rate to payees who have not furnished a Permanent Account Number.
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