Withholding tax now applies on a single transaction basis rather than on aggregated or annual amounts. Amendment replaces "or aggregate of amounts" with "in respect of a single transaction", and omits the words "during the financial year", thereby shifting ... Summary
Withholding tax now applies on a single transaction basis rather than on aggregated or annual amounts.
Amendment replaces "or aggregate of amounts" with "in respect of a single transaction", and omits the words "during the financial year", thereby shifting the withholding obligation under section 194BB from an annual aggregation basis to a transaction-specific test.
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