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of <h1>Finance Bill 2012: Section 194E Amendment Raises Tax Deduction for Non-Resident Entertainers to 20% Effective July 1.</h1> Clause 70 of the Finance Bill, 2012, amends section 194E of the Income-tax Act, effective from July 1, 2012. The amendment includes non-resident entertainers, in addition to non-resident sportsmen and sports associations, in the scope of this section. It also increases the tax deduction at source from 10% to 20% on income payable to these non-citizens. The amendment requires the person responsible for the payment to deduct the specified tax rate at the time of credit or payment, whichever occurs first.
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