Withholding tax deduction change: no deduction under section 196A for income credited or paid after the effective date. The amendment inserts a proviso to the deduction provision so that no deduction shall be made under that provision from any such income credited or paid ... Summary
Withholding tax deduction change: no deduction under section 196A for income credited or paid after the effective date.
The amendment inserts a proviso to the deduction provision so that no deduction shall be made under that provision from any such income credited or paid on or after 1st June, 1999; payors must apply this suspension of deduction when crediting or paying amounts covered by the original sub-section.
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