Withholding rates now vary by income type and do not apply where SPV has not opted under section 115BAA. Amendment to section 194LBA removes the phrase 'sub-clause (a) of', revises sub-section (2) to impose differentiated withholding depending on income referred to in sub-clauses (a) and (b), and inserts sub-section (2A) to exclude from sub-sections (1) and (2) the income of the nature referred to in sub-clause (b) of clause (23FC) of section 10 when the special purpose vehicle has not exercised the option under section 115BAA.