No tax deduction at source on payments to New Pension System Trust, clarifying withholding exemption. Clause 62 provides that no deduction of tax shall be made from any payment to any person for, or on behalf of, the New Pension System Trust, ... Summary
No tax deduction at source on payments to New Pension System Trust, clarifying withholding exemption.
Clause 62 provides that no deduction of tax shall be made from any payment to any person for, or on behalf of, the New Pension System Trust, notwithstanding other provisions of the Chapter, thereby exempting such payments from tax deduction at source and removing withholding obligations in respect of those payments.
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