https://www.taxtmi.com/acts?id=38311 The amendment revises the second proviso to section 194 I so that an individual or Hindu undivided family must deduct tax on rent when their total sales, gross receipts or turnover in the preceding financial year exceed the revised turnover thresholds of one crore for business or fifty lakh for profession, replacing the previous cross reference to section 44AB; the amendment takes effect from 1 April 2020. en-us Sat, 01 Feb 2020 17:07:45 +0530 Sat, 01 Feb 2020 17:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38311 The amendment revises the second proviso to section 194 I so that an individual or Hindu undivided family must deduct tax on rent when their total sales, gross receipts or turnover in the preceding financial year exceed the revised turnover thresholds of one crore for business or fifty lakh for profession, replacing the previous cross reference to section 44AB; the amendment takes effect from 1 April 2020. Act-Rules Bill Sat, 01 Feb 2020 17:07:45 +0530 https://www.taxtmi.com/acts?id=38311