# The Finance Act, 2016, Section 83: Amendment of section 194LBB

- Act: The Finance Act, 2016
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2016/section/83/

## Text

Amendment of section 194LBB. 83. In section 194LBB of the Income-tax Act, for the words "deduct income-tax thereon at the rate of ten per cent", the following shall be substituted with effect from the 1st day of June, 2016, namely:— "deduct income-tax thereon,— (i) | at the rate of ten per cent, where the payee is a resident; (ii) | at the rates in force, where the payee is a non-resident (not being a company) or a foreign company.". Provided that where the payee is a non-resident (not being a company) or a foreign company, no deduction shall be made in respect of any income that is not chargeable to tax under the provisions of the Act."

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