Interest on securities exclusion clarifies withholding tax scope, excluding securities referred to in the proviso to section 193. The amendment substitutes the phrase 'interest on securities' in rule 29B(1)(i) and in Form No.15C with 'interest on securities (other than interest payable on securities referred to in the proviso to section 193)', thereby excluding the securities described in that proviso from the specified withholding rule and the related form obligations.
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.
Interest on securities exclusion clarifies withholding tax scope, excluding securities referred to in the proviso to section 193.
The amendment substitutes the phrase "interest on securities" in rule 29B(1)(i) and in Form No.15C with "interest on securities (other than interest payable on securities referred to in the proviso to section 193)", thereby excluding the securities described in that proviso from the specified withholding rule and the related form obligations.
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 
