ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Better Collections Mora Liquidity

IT IS DIFFICULT to assess the full implications, both revenue and ad-ministrative, of the proposal to de-duct tax at source from payments of interest, professional fees, com-mission and brokerage. As it stands, the relevant provision of the Finance Bill applies even to the payment of interest by companies and registered Arms to banks, which surely could not have been the intention of the Fin-ance Minister.

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