IMPROVING EFFECTIVENESS OF TAX ADMINISTRATION - Online filing of application seeking determination of tax to be deducted at source on payment to non-residents
5 July, 2019
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Withholding tax online applications enabled to streamline Assessing Officer determinations for non-resident payments and improve monitoring. Amendments to section 195(2) permit electronic filing by payers seeking determination of the portion of payments to non-residents chargeable to tax and ... Summary
Withholding tax online applications enabled to streamline Assessing Officer determinations for non-resident payments and improve monitoring.
Amendments to section 195(2) permit electronic filing by payers seeking determination of the portion of payments to non-residents chargeable to tax and authorize prescription of the form and manner of application and of the Assessing Officer's procedure for determining the taxable portion; a parallel change to section 195(7) applies to specified classes, with the reforms intended to speed processing and improve administrative monitoring.
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