Rate reduction in section 158BFA lowers the statutory deduction rate under the Income-tax Act. Amendment to sub-section (1) of section 158BFA replaces the words 'one and one-fourth per cent.' with the words 'one per cent.', reducing the rate specified in that provision.
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Provisions expressly mentioned in the judgment/order text.
Rate reduction in section 158BFA lowers the statutory deduction rate under the Income-tax Act.
Amendment to sub-section (1) of section 158BFA replaces the words "one and one-fourth per cent." with the words "one per cent.", reducing the rate specified in that provision.
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