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    <title>Amendment of section 194D</title>
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    <description>The amendment to section 194D raises the monetary ceiling in the second proviso that exempts insurance commission or similar remuneration from tax deduction at source, thereby increasing the limit below which no TDS is to be made on commission for soliciting or procuring insurance business; the substitution of the higher limit is to take effect from the commencement date specified in the Bill.</description>
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      <description>The amendment to section 194D raises the monetary ceiling in the second proviso that exempts insurance commission or similar remuneration from tax deduction at source, thereby increasing the limit below which no TDS is to be made on commission for soliciting or procuring insurance business; the substitution of the higher limit is to take effect from the commencement date specified in the Bill.</description>
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