Information furnishing requirements updated: specifies form and manner for reporting payments under withholding provisions under law Amendment inserts a clause into section 295 prescribing the form and manner for furnishing information relating to payment of any sum under subsection (6) of section 195, creating a procedural mechanism for standardized submission of payment-related information to satisfy the reporting obligation.
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Information furnishing requirements updated: specifies form and manner for reporting payments under withholding provisions under law
Amendment inserts a clause into section 295 prescribing the form and manner for furnishing information relating to payment of any sum under subsection (6) of section 195, creating a procedural mechanism for standardized submission of payment-related information to satisfy the reporting obligation.
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