Tax rate increase for specified capital gains alters statutory withholding rate under amended provision effective next fiscal year. An amendment substitutes the rate in Section 111A(1)(i) of the Income-tax Act by replacing the previously prescribed rate with a higher specified rate, ... Summary
Tax rate increase for specified capital gains alters statutory withholding rate under amended provision effective next fiscal year.
An amendment substitutes the rate in Section 111A(1)(i) of the Income-tax Act by replacing the previously prescribed rate with a higher specified rate, effected by the Finance Bill and commencing from the stated start of the next fiscal year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.