Withholding on payments to non-resident entertainers and sportsmen expanded and increased by Finance Act amendment. Amendment to Section 194E expands withholding tax coverage to include payments to non-resident entertainers alongside sportsmen and increases the prescribed withholding rate, effective 1 July 2012, thereby broadening recipients subject to tax deduction at source and raising the tax deduction required on such payments.
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Provisions expressly mentioned in the judgment/order text.
Withholding on payments to non-resident entertainers and sportsmen expanded and increased by Finance Act amendment.
Amendment to Section 194E expands withholding tax coverage to include payments to non-resident entertainers alongside sportsmen and increases the prescribed withholding rate, effective 1 July 2012, thereby broadening recipients subject to tax deduction at source and raising the tax deduction required on such payments.
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