effective date for change for Fees for technical services-reg, Income Tax

[Ramakrishnan Seshadri]

Dear Sir,

"Reduction in rate of tax on Income by way of Royalty and Fees for technical services in case of non – residents – Proposed Reduction in Royalty / FTS rate to 10% from 25%

• It is proposed to reduce the rate of tax provided under section 115A on royalty and FTS payments made to non-residents from 25% to 10%."
• Could any inform us the effective date for this tds reduction in rate for fees for technical services.
• Whether this is immediate effect or after the finance bill approval by the president.
• Kindly experts clarify.
• Thanks & Regards,
• S.Ramakrishnan