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Withholding tax

Tax on income imposed at source, i.e. a third party is charged with the task of deducting the tax from certain kinds of payments and remitting that amount to the government. Withholding taxes are found in practically all tax systems and are widely used in respect of dividends, interest, royalties and similar tax payments. The rates of withholding tax are frequently reduced by tax treaties.

News On Withholding tax
Union Budget 2017-18: Reinforces government's commitment towards digital India

02-02-2017| Source:Moneycontrol.com

A reduced withholding tax rate on fees for professional or technical services received by call centre businesses to 2% as against earlier rate of 10% would mean cash flow relief for companies

Budget 2017: Telcos want lower withholding tax on prepaid cards

30-01-2017| Source:Moneycontrol.com

not to withhold tax – the rate as such being 5 percent -- on discount offered to distributors since they claim distributors are not their agents and hence, discount offered to them could be termed

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