Withholding tax on certain winnings: proviso to the withholding provision removed, altering source deduction obligations. The amendment removes the proviso to section 194BB of the Income-tax Act, eliminating the conditional relief previously provided and thereby modifying the withholding-at-source obligations for payments covered by that section; the omission is effective from the instrument's stated commencement date.
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Withholding tax on certain winnings: proviso to the withholding provision removed, altering source deduction obligations.
The amendment removes the proviso to section 194BB of the Income-tax Act, eliminating the conditional relief previously provided and thereby modifying the withholding-at-source obligations for payments covered by that section; the omission is effective from the instrument's stated commencement date.
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