Threshold for tax deduction under section 192A increased, reducing TDS requirement for smaller payments from prior limit. Amendment increases the deduction threshold under section 192A of the Income-tax Act by substituting the earlier monetary limit with a higher monetary ... Summary
Threshold for tax deduction under section 192A increased, reducing TDS requirement for smaller payments from prior limit.
Amendment increases the deduction threshold under section 192A of the Income-tax Act by substituting the earlier monetary limit with a higher monetary limit, effective from the 1st day of June, 2016, thereby altering TDS applicability for payments governed by section 192A.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
