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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Deduction Rate Under Section 194DA Increased from 1% to 5% Effective September 1, 2019</h1> Section 194DA of the Income-tax Act has been amended by the Finance (No. 2) Act, 2019. The amendment changes the tax deduction at source rate from 'one per cent.' to 'five per cent. on the amount of income comprised therein,' effective from September 1, 2019.
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