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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income-tax Act Section 194BB amended to raise monetary threshold from Rs. 2,500 to Rs. 5,000, effective June 1, 1986.</h1> Section 194BB of the Income-tax Act was amended by the Finance Act, 1986, to increase the monetary threshold from 'two thousand five hundred rupees' to 'five thousand rupees.' This amendment took effect on June 1, 1986, impacting the relevant direct tax provisions.
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