Tax deduction threshold increased by Finance Act amendment, raising the minimum payable amount subject to tax withholding. Amendment to section 194 substitutes a higher monetary limit in the first proviso, clause (b), altering the minimum amount that triggers tax deduction at source for payments covered by that clause; the substitution is effective from 1st June, 1987.
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Tax deduction threshold increased by Finance Act amendment, raising the minimum payable amount subject to tax withholding.
Amendment to section 194 substitutes a higher monetary limit in the first proviso, clause (b), altering the minimum amount that triggers tax deduction at source for payments covered by that clause; the substitution is effective from 1st June, 1987.
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