Scope of deductors expanded: withholding obligations now cover companies, co operative societies, local authorities, universities and similar bodies. Amendment broadens the class of deductors by substituting "company, co-operative society, local authority, University, institution, association or body" ... Summary
Scope of deductors expanded: withholding obligations now cover companies, co operative societies, local authorities, universities and similar bodies.
Amendment broadens the class of deductors by substituting "company, co-operative society, local authority, University, institution, association or body" for "public sector undertaking" in the specified provision, and adds an Explanation defining "University" to include statutory and UGC-declared institutions.
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