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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Deduction Rate under Section 194J Increased from 5% to 10% Effective June 1, 2007</h1> Section 194J of the Income-tax Act was amended by the Finance Act, 2007, to change the tax deduction rate. The amendment specifies that in sub-section (1), the rate at which tax is deducted at source is increased from five percent to ten percent. This change is effective from June 1, 2007.
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