Withholding tax provision amended: previously qualifying exemption removed, expanding deduction at source applicability. Amendment omits sub section (3), clause (iv) of section 194A of the Income tax Act, removing the specific exemption that previously qualified certain ... Summary
Withholding tax provision amended: previously qualifying exemption removed, expanding deduction at source applicability.
Amendment omits sub section (3), clause (iv) of section 194A of the Income tax Act, removing the specific exemption that previously qualified certain receipts from deduction at source, with effect from the 1st day of April, 1988.
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