TDS threshold change raises the deduction trigger for specified payments under section 194A following statutory amendment. The Finance Act, 2019 amends section 194A(3)(i) of the Income tax Act by replacing every occurrence of the words 'ten thousand' with the words 'forty thousand', thereby increasing the monetary threshold that determines when tax must be deducted at source under section 194A.
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Provisions expressly mentioned in the judgment/order text.
TDS threshold change raises the deduction trigger for specified payments under section 194A following statutory amendment.
The Finance Act, 2019 amends section 194A(3)(i) of the Income tax Act by replacing every occurrence of the words "ten thousand" with the words "forty thousand", thereby increasing the monetary threshold that determines when tax must be deducted at source under section 194A.
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