Withholding tax threshold increased, raising the reporting trigger for specified payments under income tax law. The Finance Act, 2025 amends section 194D by substituting the prior sum specified in the second proviso with a higher sum, thereby raising the minimum ... Summary
Withholding tax threshold increased, raising the reporting trigger for specified payments under income tax law.
The Finance Act, 2025 amends section 194D by substituting the prior sum specified in the second proviso with a higher sum, thereby raising the minimum payment amount that triggers the withholding and reporting obligation under that proviso; no other elements of the provision are altered.
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