Withholding tax rates revised for payments for use of machinery versus land and buildings, changing payer TDS obligations effective October. Amendment to section 194-I prescribes revised withholding tax rates by substituting clauses to impose one rate for payments for the use of machinery, plant or equipment and another rate for payments for the use of land, buildings (including factory buildings) and furniture or fittings, effective from 1 October 2009, thereby changing the TDS obligations of payers.
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.
Withholding tax rates revised for payments for use of machinery versus land and buildings, changing payer TDS obligations effective October.
Amendment to section 194-I prescribes revised withholding tax rates by substituting clauses to impose one rate for payments for the use of machinery, plant or equipment and another rate for payments for the use of land, buildings (including factory buildings) and furniture or fittings, effective from 1 October 2009, thereby changing the TDS obligations of payers.
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