Tax deduction threshold increased by Finance Act amendment, raising the minimum payable amount subject to tax withholding. Amendment to section 194 substitutes a higher monetary limit in the first proviso, clause (b), altering the minimum amount that triggers tax deduction at ... Summary
Tax deduction threshold increased by Finance Act amendment, raising the minimum payable amount subject to tax withholding.
Amendment to section 194 substitutes a higher monetary limit in the first proviso, clause (b), altering the minimum amount that triggers tax deduction at source for payments covered by that clause; the substitution is effective from 1st June, 1987.
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