53DDD. Deduction of tax at source from export cash subsidy

¹[53DDD. Deduction of tax at source from export cash subsidy.-

1. Any person responsible for paying any amount on account of export cash subsidy to an exporter for promotion of export shall, at the time of payment or credit of such amount, deduct or collect tax in advance at the rate of ²[three percent]^{Subs F. A. 2014} on the amount so payable.]

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¹ Ins new section 53DDD by F. A. 2012

² subs for "five percent" by F. A 2014

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Mijan Niloy