Threshold for tax deduction under section 192A increased, reducing TDS requirement for smaller payments from prior limit. Amendment increases the deduction threshold under section 192A of the Income-tax Act by substituting the earlier monetary limit with a higher monetary limit, effective from the 1st day of June, 2016, thereby altering TDS applicability for payments governed by section 192A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Threshold for tax deduction under section 192A increased, reducing TDS requirement for smaller payments from prior limit.
Amendment increases the deduction threshold under section 192A of the Income-tax Act by substituting the earlier monetary limit with a higher monetary limit, effective from the 1st day of June, 2016, thereby altering TDS applicability for payments governed by section 192A.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.