Interest on National Development Bonds now falls within the withholding scope after amendment to the income tax proviso. The amendment inserts clause (ib) into the proviso to Section 193 to specify that interest payable on National Development Bonds is included among interests governed by the proviso, thereby clarifying that such interest falls within the withholding tax provision's scope.
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Interest on National Development Bonds now falls within the withholding scope after amendment to the income tax proviso.
The amendment inserts clause (ib) into the proviso to Section 193 to specify that interest payable on National Development Bonds is included among interests governed by the proviso, thereby clarifying that such interest falls within the withholding tax provision's scope.
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