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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Provisions expressly mentioned in the judgment/order text.
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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