Withholding tax threshold increase alters when payers must deduct tax at source, changing withholding obligations and compliance. Amendment increases the withholding tax payment threshold under section 194-I by substituting the first proviso figure with a higher threshold, raising the minimum aggregate payment level that triggers deduction of tax at source and thereby altering payers' withholding responsibilities and compliance calculations under the provision.
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Withholding tax threshold increase alters when payers must deduct tax at source, changing withholding obligations and compliance.
Amendment increases the withholding tax payment threshold under section 194-I by substituting the first proviso figure with a higher threshold, raising the minimum aggregate payment level that triggers deduction of tax at source and thereby altering payers' withholding responsibilities and compliance calculations under the provision.
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