TDS threshold for contract payments increased under Finance Act, enhancing the minimum limit for deduction on specified contracts. An amendment raised the statutory monetary threshold for withholding tax on payments to contractors by substituting the former lower limit with a higher ... Summary
TDS threshold for contract payments increased under Finance Act, enhancing the minimum limit for deduction on specified contracts.
An amendment raised the statutory monetary threshold for withholding tax on payments to contractors by substituting the former lower limit with a higher limit in the clause governing deduction at source under the provision, effective from the stated operative date.
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