Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Withholding tax: deletion of proviso excluding dividends under corporate distribution tax, expanding withholding applicability to those dividends. Amendment removes the second proviso in section 195 that prevented deduction in respect of dividends referred to under the corporate-distribution tax ... Summary
Withholding tax: deletion of proviso excluding dividends under corporate distribution tax, expanding withholding applicability to those dividends.
Amendment removes the second proviso in section 195 that prevented deduction in respect of dividends referred to under the corporate-distribution tax regime, thereby bringing such dividends within the operation of the withholding provision; the change takes effect from 1st April, 2020.
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