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of <h1>Finance Act 2024 cuts Section 194H commission tax rate from 5% to 2%, effective October 1, 2024.</h1> Section 194H of the Income-tax Act has been amended by the Finance (No. 2) Act, 2024. The amendment reduces the rate from 'five per cent.' to 'two per cent.' This change is set to take effect from October 1, 2024.
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