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Bill - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

For the purposes of deduction of tax u/s 194LBB, or u/s 194LBC ...

Bill

February 29, 2016

For the purposes of deduction of tax u/s 194LBB, or u/s 194LBC the “rates in force” in relation to an assessment year or financial year shall mean the rate or rates of income-tax specified in this behalf in the Finance Act of the relevant year or rate or rates of incometax specified in an agreement entered into by the Central Government u/s 90 or notified by the Central Government u/s 90A, whichever is applicable.

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