Withholding applicability excludes capital gains and specified exempt income, narrowing the scope of tax deduction at source.

Amendment to section 207(1) revises the operative phrase to exclude income chargeable under the head "Capital gains" and income referred to in sub-clause (ix) of clause (24) of section 2 from the general withholding rule, explicitly carving those two classes out of the provision's coverage.

---

---

---