Tax deduction threshold under section 194BB reduced, lowering the prescribed limit and changing withholding obligations for payments. The amendment substitutes the earlier specified rupee amount with a lower specified rupee amount in the provision governing deduction on certain specified ... Summary
Tax deduction threshold under section 194BB reduced, lowering the prescribed limit and changing withholding obligations for payments.
The amendment substitutes the earlier specified rupee amount with a lower specified rupee amount in the provision governing deduction on certain specified payments, lowering the monetary threshold that triggers withholding tax; this substitution is effective from the 1st day of October, 1991.
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