Disallowance for nondeduction of tax from payment to resident in respect of Income from Other Sources :
CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
30 | Disallowance for nondeduction of tax from payment to resident in respect of Income from Other Sources |
58(1A)(ia) | Newly Inserted | 01/04/2011 (A.Y. 2018-19) |
To apply provisions of Section 40(a)(ia) in computing income chargeable under the head “ income from other sources” as they apply in computing income chargeable under the head “profit and gains of business or Profession.”
Previously, disallowance for non-deduction of tax from payment to non-resident, now extended to resident also in Section 58 (i.e. reference made to Section 40(a)(ia) now). |