https://www.taxtmi.com/acts?id=41265 The Bill inserts a proviso to treat payments to co-operative societies as if the cash-payment threshold for mandatory deduction at source were increased from one crore rupees to three crore rupees, so that specified payors-banking companies, co-operative societies engaged in banking, and post offices-apply the section with that substituted threshold when the recipient is a co-operative society; the amendment takes effect from the start of the relevant financial year. en-us Wed, 01 Feb 2023 16:12:08 +0530 Wed, 01 Feb 2023 16:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41265 The Bill inserts a proviso to treat payments to co-operative societies as if the cash-payment threshold for mandatory deduction at source were increased from one crore rupees to three crore rupees, so that specified payors-banking companies, co-operative societies engaged in banking, and post offices-apply the section with that substituted threshold when the recipient is a co-operative society; the amendment takes effect from the start of the relevant financial year. Act-Rules Bill Wed, 01 Feb 2023 16:12:08 +0530 https://www.taxtmi.com/acts?id=41265