TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012: Amendment to Section 193 Raises Tax Exemption Threshold on Interest from 2,500 to 5,000</h1> Clause 69 of the Finance Bill, 2012, amends section 193 of the Income-tax Act concerning interest on securities. The amendment increases the threshold for tax exemption on interest payable to an individual or a Hindu undivided family residing in India on debentures issued by publicly interested companies. Previously, no tax was deducted if the interest did not exceed 2,500 rupees and was paid by account payee cheque. The amendment raises this threshold to 5,000 rupees, effective from July 1, 2012, maintaining the condition of payment by account payee cheque.
TaxTMI 
TaxTMI 
