Amendment of section 194LBA.

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..... b) in sub-section (2), for the words being a non-resident, not being a company , the words and brackets being a non-resident (not being a company) shall be substituted; (c) after sub-section (2), the following sub-section shall be inserted, namely:- (3) Where any distributed income referred to in section 115UA, being of the nature referred to in clause (23FCA) of section 10, is payable by a busine .....

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..... he person responsible for making the payment shall at the time of credit of such payment to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rates of ten per cent. It is further proposed to amend the said section to provide that where any distributed income referred t .....

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