Withholding threshold for cooperative societies increased, altering applicability of section 194N and raising the limit for coverage.

An amendment inserts a proviso to section 194N providing that where the recipient is a co-operative society, the section shall operate as if the originally specified monetary benchmark were substituted by a higher benchmark for that recipient; the change is limited to the textual substitution in the proviso and does not modify other terms of the section.

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