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of <h1>Proposed Amendment to Section 193: Tax Deduction Threshold on Securities Interest Raised from Rs. 5,000 to Rs. 10,000 by 2025.</h1> Section 193 of the Act mandates tax deduction at source on interest from securities paid to residents, applicable at the time of credit or payment, whichever is earlier. Currently, there is no minimum threshold for this deduction. The proviso exempts tax deduction on interest up to Rs. 5,000 paid to individuals or Hindu undivided families on debentures from publicly interested companies. Proposed amendments will increase this threshold to Rs. 10,000, effective April 1, 2025.
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