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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Tax Withholding Rule Modification: Section 194A Amended to Eliminate Specific Clause Impacting Income Tax Exemption Mechanisms</h1> The amendment removes clause (iv) from section 194A subsection (3) of the Income-tax Act, effective April 1, 1988. This modification alters the existing tax provisions related to income tax withholding, specifically adjusting the scope of exemptions or deductions within the specified statutory framework.