TDS thresholds on interest payments increased, expanding exemption limits and altering withholding obligations.

Amendment increases monetary thresholds and exemption limits in sub section (3) of Section 194A: clause (i) raises the withholding threshold; sub clause (d) doubles a lower exemption; the third proviso replaces two figures with higher thresholds; and the proviso after clause (xi), clause (b), substitutes two higher monetary limits, thereby enlarging the conditions under which tax need not be deducted at source on interest payments.

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