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Income-tax rules amended to include foreign currency bond and Indian company share income in withholding and reporting requirements. The amendment extends existing withholding and reporting references that applied to income under the prior withholding category to also include income from foreign currency bonds and shares of an Indian company by substituting and inserting textual references across rule 30, rule 31, rule 37A and Appendix II (Form No. 16A), effective 1 June 1992.
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Income-tax rules amended to include foreign currency bond and Indian company share income in withholding and reporting requirements.
The amendment extends existing withholding and reporting references that applied to income under the prior withholding category to also include income from foreign currency bonds and shares of an Indian company by substituting and inserting textual references across rule 30, rule 31, rule 37A and Appendix II (Form No. 16A), effective 1 June 1992.
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