https://www.taxtmi.com/acts?id=38724 Amendment revises withholding tax under section by creating a two-tier deduction rate: a lower rate for fees for technical services (excluding professional services) and for royalties that are consideration for sale, distribution or exhibition of cinematographic films, and a higher rate for other fees. It also replaces the prior reference to monetary limits for audit-triggering purposes with explicit monetary thresholds for business and for profession, changing when the proviso's conditions apply. en-us Sat, 28 Mar 2020 10:42:50 +0530 Sat, 28 Mar 2020 10:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38724 Amendment revises withholding tax under section by creating a two-tier deduction rate: a lower rate for fees for technical services (excluding professional services) and for royalties that are consideration for sale, distribution or exhibition of cinematographic films, and a higher rate for other fees. It also replaces the prior reference to monetary limits for audit-triggering purposes with explicit monetary thresholds for business and for profession, changing when the proviso's conditions apply. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:42:50 +0530 https://www.taxtmi.com/acts?id=38724