Section 194K amendment raises threshold and prohibits deduction for income credited or paid on or after April. The Finance Act, 2003 amends section 194K by substituting a higher monetary threshold in the first proviso, deemed effective from 1 August 2002, and by ... Summary
Section 194K amendment raises threshold and prohibits deduction for income credited or paid on or after April.
The Finance Act, 2003 amends section 194K by substituting a higher monetary threshold in the first proviso, deemed effective from 1 August 2002, and by inserting a proviso that no deduction shall be made under the section from any such income credited or paid on or after 1 April 2003.
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