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.

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