Part IV - VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA (From Section 147 to Section 150)
Withholding tax now applies on a single transaction basis rather than on aggregated or annual amounts. Amendment replaces 'or aggregate of amounts' with 'in respect of a single transaction', and omits the words 'during the financial year', thereby shifting the withholding obligation under section 194BB from an annual aggregation basis to a transaction-specific test.
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Provisions expressly mentioned in the judgment/order text.
Withholding tax now applies on a single transaction basis rather than on aggregated or annual amounts.
Amendment replaces "or aggregate of amounts" with "in respect of a single transaction", and omits the words "during the financial year", thereby shifting the withholding obligation under section 194BB from an annual aggregation basis to a transaction-specific test.
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