TDS threshold for professional and technical fees raised, exempting smaller monthly payments from withholding under amended law. The first proviso to sub section (1) is amended so that no deduction of tax at source shall be made where the amount of the specified income, or the aggregate of such amounts credited, paid or likely to be credited or paid during a month, does not exceed the revised threshold; the change raises the previous lower threshold and shifts aggregation to a monthly basis, and takes effect from 1st April, 2025.
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Provisions expressly mentioned in the judgment/order text.
TDS threshold for professional and technical fees raised, exempting smaller monthly payments from withholding under amended law.
The first proviso to sub section (1) is amended so that no deduction of tax at source shall be made where the amount of the specified income, or the aggregate of such amounts credited, paid or likely to be credited or paid during a month, does not exceed the revised threshold; the change raises the previous lower threshold and shifts aggregation to a monthly basis, and takes effect from 1st April, 2025.
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