Amendment of section 194-I

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Full Text of the Document

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....h or part of a month by such person to the account of, or to, the payee, does not exceed fifty thousand rupees:". - Clause 59 of the Bill seeks to amend section 194-I of the Income-tax Act relating to rent. The said section 194-I, inter alia, provides that any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by wa....