Withholding tax on capital gains now applies regardless of mode of payment after replacement of enumerated payment forms and proviso removal. Amendment to Section 196C replaces the specific enumeration of payment forms with the broader term "by any mode" for withholding tax purposes and omits ... Summary
Withholding tax on capital gains now applies regardless of mode of payment after replacement of enumerated payment forms and proviso removal.
Amendment to Section 196C replaces the specific enumeration of payment forms with the broader term "by any mode" for withholding tax purposes and omits the proviso, thereby removing prior exceptions and applying the provision uniformly across modes of payment.
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