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<h1>Finance Act 1987: No Tax Deduction at Source for Income Below Rs. 5,000 u/s 194D.</h1> In the Finance Act of 1987, section 194D of the Income-tax Act was amended to include a new proviso effective from June 1, 1987. This proviso specifies that no tax deduction at source shall be made under this section if the income amount, or the total income amount credited or paid to the payee during the financial year, does not exceed five thousand rupees.