https://www.taxtmi.com/acts?id=47087 Where an agreement requires the payer to bear tax on specified income, the income must be increased for deduction purposes so that, after tax is deducted at applicable rates for the financial year, the net amount payable under the agreement equals the recipient's contractual payment; this implements a mandatory grossing-up mechanism for withholding. en-us Tue, 07 Jan 2025 12:37:42 +0530 Tue, 07 Jan 2025 12:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47087 Where an agreement requires the payer to bear tax on specified income, the income must be increased for deduction purposes so that, after tax is deducted at applicable rates for the financial year, the net amount payable under the agreement equals the recipient's contractual payment; this implements a mandatory grossing-up mechanism for withholding. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 12:37:42 +0530 https://www.taxtmi.com/acts?id=47087