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    <title>Amendment of section 194-IB.</title>
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    <description>Clause 59 proposes to amend section 194-IB to lower the withholding rate for tax deduction at source on rent paid by an individual or HUF where monthly rent exceeds the statutory threshold, with the reduced rate taking effect from 1st October, 2024.</description>
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      <description>Clause 59 proposes to amend section 194-IB to lower the withholding rate for tax deduction at source on rent paid by an individual or HUF where monthly rent exceeds the statutory threshold, with the reduced rate taking effect from 1st October, 2024.</description>
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