Threshold increase under section 194BB: withholding threshold raised, changing the minimum trigger for tax deduction at source. Amendment increases the monetary threshold in Section 194BB of the Income tax Act by substituting the words 'two thousand five hundred rupees' with the words 'five thousand rupees,' effective from the 1st day of June, 1986.
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Threshold increase under section 194BB: withholding threshold raised, changing the minimum trigger for tax deduction at source.
Amendment increases the monetary threshold in Section 194BB of the Income tax Act by substituting the words "two thousand five hundred rupees" with the words "five thousand rupees," effective from the 1st day of June, 1986.
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