Omission of statutory tax withholding provision removes former withholding obligation under the Income-tax Act, with retrospective effect. Section 194E of the Income-tax Act is omitted by the Direct Tax Laws (Amendment) Act, 1989 and is deemed to have been omitted with effect from the first ... Summary
Omission of statutory tax withholding provision removes former withholding obligation under the Income-tax Act, with retrospective effect.
Section 194E of the Income-tax Act is omitted by the Direct Tax Laws (Amendment) Act, 1989 and is deemed to have been omitted with effect from the first day of April, 1988, thereby removing the specific statutory withholding provision from the Act as of that retrospective effective date.
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