TDS threshold for compensation increased, raising the deduction trigger and changing applicability from June 2016. The proviso to the provision on tax deduction at source for compensation on acquisition is amended by substituting the earlier specified monetary ... Summary
TDS threshold for compensation increased, raising the deduction trigger and changing applicability from June 2016.
The proviso to the provision on tax deduction at source for compensation on acquisition is amended by substituting the earlier specified monetary threshold with a higher specified monetary threshold; this substitution takes effect from 1 June 2016 and changes the trigger for withholding under that proviso.
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