Laws / Income Tax Law / 141
141 - Deduction or collection tax on grossed-up amount without tax
141. Deduction or collection tax on grossed-up amount without tax.—
(1) Where the person responsible for making the payment makes any payment exclusive of tax, tax shall be deducted at the applicable rate on the amount computed in the following manner, namely:—
C = (100 × A)/(100-B), Where—
C = amount computed for the ...
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