TDS rate reduction under section 194M lowers withholding obligations on specified payments, effective from the notified date. The amendment to section 194M substitutes the previous higher TDS rate with a lower rate for payments covered by the provision; the reduced rate applies to the specified payments and takes effect from the notified commencement date under the Finance (No. 2) Act, 2024.
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Provisions expressly mentioned in the judgment/order text.
TDS rate reduction under section 194M lowers withholding obligations on specified payments, effective from the notified date.
The amendment to section 194M substitutes the previous higher TDS rate with a lower rate for payments covered by the provision; the reduced rate applies to the specified payments and takes effect from the notified commencement date under the Finance (No. 2) Act, 2024.
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