Tax deduction at source threshold increased for interest on securities, changing when withholding is required. Amendment to section 193 clarifies that tax deduction at source on interest on securities applies only when the amount or the aggregate of amounts payable ... Summary
Tax deduction at source threshold increased for interest on securities, changing when withholding is required.
Amendment to section 193 clarifies that tax deduction at source on interest on securities applies only when the amount or the aggregate of amounts payable during a financial year exceeds ten thousand rupees, and raises the proviso exemption threshold to ten thousand rupees for interest to individuals or HUFs on certain debentures paid by account payee cheque; effective 1st April, 2025.
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