TDS threshold revised to raise the collection floor for certain payers, distinguishing banks and cooperatives from others. Amendment revises section 206A by substituting the prior single threshold phrase with differentiated thresholds for payers, raising the threshold for ... Summary
TDS threshold revised to raise the collection floor for certain payers, distinguishing banks and cooperatives from others.
Amendment revises section 206A by substituting the prior single threshold phrase with differentiated thresholds for payers, raising the threshold for banking companies and co operative societies while retaining a lower threshold for other payers, and specifies commencement from the first day of June, two thousand seven.
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