TaxTMI 
TaxTMI 
The Finance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194J
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....he Finance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194J <br>News and Press Release<br>Dated:- 15-3-2010<br><BR>The Fi....
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....nance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194J with effect from 1-7-2010 as under: Sl. No. Section Nature of ....
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....Payment Existing threshold limit of payment (Rupees) Proposed threshold limit of payment (Rupees) 1. 194B Winnings from lottery or crossword puzzle 5,000 10,000 2. 194BB Winnings from horse r....
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....ace 2,500 5,000 3. 194C Payment to contractors 20,000 (single transaction) 50,000 (aggregate of transactions during financial year) 30,000 (single transaction) 75,000 (aggregate of transactions d....
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....uring financial year) 4. 194D Insurance commission 5,000 20,000 5. 194H Commission or Brokerage 2,500 5,000 6. 194-I Rent 1,20,000 1,80,000 7. 194J Fees for professional or technical service....
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....s 20,000 30,000<BR> News - Press release - PIB....