Withholding tax rate reduction announced, reducing statutory deduction rate for specified receipts under the income tax law. Amendment reduces the withholding tax rate under Section 115R of the Income-tax Act by substituting the previously prescribed statutory percentage with a ... Summary
Withholding tax rate reduction announced, reducing statutory deduction rate for specified receipts under the income tax law.
Amendment reduces the withholding tax rate under Section 115R of the Income-tax Act by substituting the previously prescribed statutory percentage with a lower statutory percentage, and specifies that the substitution operates from the stated commencement date.
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