https://www.taxtmi.com/acts?id=39163 The Finance Act, 2020 is amended to introduce a provision applying a tiered withholding regime for deduction on income by way of dividend paid to specified non resident entities, with higher withholding where aggregate dividend receipts exceed prescribed thresholds. The amendment also amends subsection (9) provisos to substitute phrases throughout so that exclusions and inclusions expressly read "income by way of dividend or income," thereby ensuring dividend income is specifically captured. en-us Wed, 30 Sep 2020 15:01:32 +0530 Wed, 30 Sep 2020 15:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39163 The Finance Act, 2020 is amended to introduce a provision applying a tiered withholding regime for deduction on income by way of dividend paid to specified non resident entities, with higher withholding where aggregate dividend receipts exceed prescribed thresholds. The amendment also amends subsection (9) provisos to substitute phrases throughout so that exclusions and inclusions expressly read "income by way of dividend or income," thereby ensuring dividend income is specifically captured. Act-Rules F. Acts / Amendment Acts Wed, 30 Sep 2020 15:01:32 +0530 https://www.taxtmi.com/acts?id=39163