Amendment of section 194DA.

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....for the words "one per cent.", the words "five per cent. on the amount of income comprised therein" shall be substituted with effect from the 1st day of September, 2019. - Clause 44 of the Bill s....

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....is proposed to amend the said section so as to provide that the levy of tax deduction at source shall be on the income comprised in the sum payable by way of redemption of a life insurance policy, inc....