TDS on commission or brokerage reduced and threshold raised, changing withholding obligations effective from first June two thousand sixteen.

The amendment lowers the tax deduction rate applied to commission or brokerage payments and increases the aggregate payment threshold that triggers withholding, thereby changing payer withholding obligations and the payee receipt level at which deduction is required. These modifications to the withholding regime take effect from the commencement date stated in the amendment.

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