https://www.taxtmi.com/acts?id=43606 The amendment revises deduction rates under the withholding rule for payments to offshore funds: payers must deduct tax at specified rates depending on whether the payment is income from specified preferentially taxed units, long term capital gains from transfers before the cut off date, or long term capital gains from transfers on or after the cut off date. The payer's timing obligation to deduct tax at credit or payment remains, and the change is retrospective to the cut off date. en-us Tue, 23 Jul 2024 15:51:23 +0530 Tue, 23 Jul 2024 15:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43606 The amendment revises deduction rates under the withholding rule for payments to offshore funds: payers must deduct tax at specified rates depending on whether the payment is income from specified preferentially taxed units, long term capital gains from transfers before the cut off date, or long term capital gains from transfers on or after the cut off date. The payer's timing obligation to deduct tax at credit or payment remains, and the change is retrospective to the cut off date. Act-Rules Bills Tue, 23 Jul 2024 15:51:23 +0530 https://www.taxtmi.com/acts?id=43606