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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income-tax Act Section 194LA amended: Monetary threshold raised to two lakh fifty thousand rupees, effective June 1, 2016.</h1> Section 194LA of the Income-tax Act was amended by the Finance Act, 2016. The amendment involves a change in the monetary threshold specified in the proviso of this section. The previous amount of 'two hundred thousand rupees' is replaced with 'two lakh and fifty thousand rupees,' effective from June 1, 2016.
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