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Amendment of section 194-IB.

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....ct, in sub-section (1), for the words "five per cent.", the words "two per cent." shall be substituted with effect from the 1st day of October, 2024. - Clause 59 of the Bill seeks to amend s....

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Full Text of the Document

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....onth or part of a month during the previous year, shall deduct an amount equal to five per cent. of such income as income-tax thereon. It is proposed to amend the said sub-section so as to reduce t....