Tax threshold change reduces specified income limit under Section 208(2)(b), affecting withholding obligations and compliance. The amendment substitutes the monetary threshold in Section 208(2)(b), replacing the earlier figure "Rs. 30,000" with "Rs. 20,000", thereby changing the ... Summary
Tax threshold change reduces specified income limit under Section 208(2)(b), affecting withholding obligations and compliance.
The amendment substitutes the monetary threshold in Section 208(2)(b), replacing the earlier figure "Rs. 30,000" with "Rs. 20,000", thereby changing the numeric benchmark that determines the provision's applicability and consequent compliance obligations.
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