Section 194D Amendment: TDS Threshold for Insurance Commissions Reduced from Rs. 20,000 to Rs. 15,000 Per Financial Year.

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....Amendment of section 194D. - TDS - where the amount of such income, or the aggregate of the amount of the income, relating to remuneration or reward, whether by way of commission or otherwise, for soliciting or procuring insurance business, credited or paid during the financial year to the account of, or to, the payee - the threshold limit from twenty thousand rupees to fifteen thousand rupees.....