Withholding tax provision amended: removal of the second proviso alters withholding obligations under the Income tax Act. The Finance Act amends the Income tax Act by omitting the second proviso to sub section (1) of section 195, thereby removing that proviso from the statute and altering the textual structure of the withholding tax provision without introducing additional conditions.
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Withholding tax provision amended: removal of the second proviso alters withholding obligations under the Income tax Act.
The Finance Act amends the Income tax Act by omitting the second proviso to sub section (1) of section 195, thereby removing that proviso from the statute and altering the textual structure of the withholding tax provision without introducing additional conditions.
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