Withholding tax rate adjustment in section 201 reduces the specified rate under the Income-tax Act. The Taxation Laws (Amendment) Act, 2003 amends the Income-tax Act by substituting the words "twelve per cent." for "fifteen per cent." in sub section (1A) ... Summary
Withholding tax rate adjustment in section 201 reduces the specified rate under the Income-tax Act.
The Taxation Laws (Amendment) Act, 2003 amends the Income-tax Act by substituting the words "twelve per cent." for "fifteen per cent." in sub section (1A) of section 201, thereby reducing the rate specified in that provision.
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