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<h1>Income-tax Act Section 194K amendment raises deduction threshold and adds a new proviso effective April 2003.</h1> Section 194K of the Income-tax Act was amended by the Finance Act, 2003. The amendment increased the threshold for certain deductions from 'one thousand rupees' to 'two thousand five hundred rupees,' effective from August 1, 2002. Additionally, a new proviso was added, specifying that no deductions under this section would be made from income credited or paid on or after April 1, 2003.