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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.