Withholding tax threshold now applies to the amount or aggregate across the financial year, altering when deduction is required. The amendment replaces the phrase 'in an amount exceeding ten thousand rupees' with wording treating the threshold as 'the amount or aggregate of amounts exceeding ten thousand rupees during the financial year,' so that withholding obligations depend on cumulative amounts in the financial year rather than solely on individual payments.
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Provisions expressly mentioned in the judgment/order text.
Withholding tax threshold now applies to the amount or aggregate across the financial year, altering when deduction is required.
The amendment replaces the phrase "in an amount exceeding ten thousand rupees" with wording treating the threshold as "the amount or aggregate of amounts exceeding ten thousand rupees during the financial year," so that withholding obligations depend on cumulative amounts in the financial year rather than solely on individual payments.
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