https://www.taxtmi.com/acts?id=40526 The amendment omits the reference to section 206AB from sub section (4) of section 194-IB, which previously capped deduction where tax was required to be deducted under section 206AA or section 206AB; after the amendment, the cap provision applies only in relation to section 206AA. The provision concerns deduction of tax by certain individuals and Hindu undivided families on rent payments. The amendment takes effect from the commencement date specified in the Finance Bill. en-us Tue, 01 Feb 2022 15:59:32 +0530 Tue, 01 Feb 2022 15:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40526 The amendment omits the reference to section 206AB from sub section (4) of section 194-IB, which previously capped deduction where tax was required to be deducted under section 206AA or section 206AB; after the amendment, the cap provision applies only in relation to section 206AA. The provision concerns deduction of tax by certain individuals and Hindu undivided families on rent payments. The amendment takes effect from the commencement date specified in the Finance Bill. Act-Rules Bills Tue, 01 Feb 2022 15:59:32 +0530 https://www.taxtmi.com/acts?id=40526