Withholding tax scope expanded to include interest on securities and excludes dividends referred to in section 115-O from deduction. Amendment narrows the exceptions to tax-deduction-at-source: it deletes the exclusion for interest on securities, brings such interest within withholding obligations, expressly prohibits deduction in respect of dividends referred to in section 115-O, and revises the subsection to exclude only salary from the list of excepted payments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Withholding tax scope expanded to include interest on securities and excludes dividends referred to in section 115-O from deduction.
Amendment narrows the exceptions to tax-deduction-at-source: it deletes the exclusion for interest on securities, brings such interest within withholding obligations, expressly prohibits deduction in respect of dividends referred to in section 115-O, and revises the subsection to exclude only salary from the list of excepted payments.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
