Tax withholding obligation narrowed to payments made to residents, refocusing payer duties and the scope of withholding. The amendment replaces the opening words of section 194-I so that the payer's withholding obligation applies to payments 'to a resident' instead of 'to any person,' thereby delimiting the class of payees subject to deduction at source and changing the statutory trigger; the substitution takes effect from the 1st day of June, 2003.
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Provisions expressly mentioned in the judgment/order text.
Tax withholding obligation narrowed to payments made to residents, refocusing payer duties and the scope of withholding.
The amendment replaces the opening words of section 194-I so that the payer's withholding obligation applies to payments "to a resident" instead of "to any person," thereby delimiting the class of payees subject to deduction at source and changing the statutory trigger; the substitution takes effect from the 1st day of June, 2003.
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