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of <h1>Finance Bill 2010 Amends Section 194H: Raises Tax Deduction Threshold for Commission and Brokerage to 5,000 Starting July 1</h1> Clause 39 of the Finance Bill, 2010 proposes to amend section 194H of the Income-tax Act, which pertains to commission or brokerage. The amendment increases the threshold for non-deduction of tax at source from two thousand five hundred rupees to five thousand rupees. This change means that no tax deduction will be required if the commission or brokerage paid or credited during the financial year does not exceed five thousand rupees. The amendment is set to take effect from July 1, 2010.
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