Withholding tax threshold: payments below a specified de minimis amount are exempt from deduction under section 194D. A proviso to section 194D provides that no deduction shall be made where the amount of the income, or the aggregate of such amounts credited, paid, or likely to be credited or paid during the financial year to the account of, or to, the payee, does not exceed five thousand rupees, thereby exempting aggregated small-value receipts from withholding under the section.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Withholding tax threshold: payments below a specified de minimis amount are exempt from deduction under section 194D.
A proviso to section 194D provides that no deduction shall be made where the amount of the income, or the aggregate of such amounts credited, paid, or likely to be credited or paid during the financial year to the account of, or to, the payee, does not exceed five thousand rupees, thereby exempting aggregated small-value receipts from withholding under the section.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
