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of <h1>Income-tax Act Section 194-I amended: Monetary threshold increased from 120,000 to 180,000, effective July 1, 2010.</h1> Section 194-I of the Income-tax Act has been amended by the Finance Act, 2010. The amendment involves changing the monetary threshold in the first proviso from 'one hundred and twenty thousand rupees' to 'one hundred eighty thousand rupees.' This change is effective from July 1, 2010.
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