Pricing Login

Tax Management India. Com
Law and Practice : Digital eBook
Research is most exciting & rewarding

For Sales / Support:
WhatsApp

9911796707

Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes

TMI - e-Newsletter TaxTMI Petitioner Faces Serious Consequences for... TaxTMI Corporate Debt Resolution Plan Upheld: Asset Value,... TaxTMI Zero Coupon Bond by Indian Railway Finance Corp:... TaxTMI Tax Authority Fails to Follow Proper Procedure,... TaxTMI Legal Challenge Upheld: CGST Section 107 Appeal... TaxTMI Investor Fraud Case: Charges Upheld Against... TaxTMI Insurance Salvage Claims Dispute: GST Demand... TaxTMI Tax Authority Must Refund Full Amount with 6%... TaxTMI Prolonged Seven-Year Legal Appeal Dismissed: Gross... TaxTMI Leasehold Property Expenses Deemed Revenue... TaxTMI Tax Depreciation Win: Partial Appeal Granted for... TaxTMI Cash Loan Transactions Violating Section 269SS Lead... TaxTMI State Govt Undertaking Faces Tax Scrutiny:... TaxTMI Construction Contract Revenue Recognition Upheld:... TaxTMI Insider Trading Violation: Company Penalized for... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Follow us:

News

Home News News and Press Release Month 3 2010 2010 (3) This

← Previous Next →

The Finance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194J

15-3-2010

Contents

The Finance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194J with effect from 1-7-2010 as under:

Sl. No.	Section	Nature of Payment	Existing threshold limit of payment (Rupees)	Proposed threshold limit of payment (Rupees)
1.	194B	Winnings from lottery or crossword puzzle	5,000	10,000
2.	194BB	Winnings from horse race	2,500	5,000
3.	194C	Payment to contractors	20,000 (single transaction) 50,000 (aggregate of transactions during financial year)	30,000 (single transaction) 75,000 (aggregate of transactions during financial year)
4.	194D	Insurance commission	5,000	20,000
5.	194H	Commission or Brokerage	2,500	5,000
6.	194-I	Rent	1,20,000	1,80,000
7.	194J	Fees for professional or technical services	20,000	30,000

← Previous Next →

Quick Updates:

What's New:
Latest Case Laws

What's New:
Latest Notifications

What's New:
Latest Circulars

F: IGST on Ocean Freight: 5% Reverse Charge Mechanism Clarifies Import Ta...

F: Tax Authorities Limited in Correcting GST Order Errors, Must Adhere to...

F: GST Reverse Charge Mechanism Dispute: Determining Tax Liability Betwee...

F: Tax Pro Navigates Complex Credit Offset Challenge Under Section 49(5) ...

F: Tax Compliance Alert: GST Late Filing Can Trigger Dual Penalties Under...

H: Government Revises Securities Investment Rules, Clarifying Personal vs...

H: Government Updates Export Policy Codes in ITC Schedule-II, Implementin...

H: Govt Restricts Precious Metal Imports, Mandates RBI-Nominated Agencies...

H: Govt Restricts Bangladesh Imports via Land Ports, Mandates Seaport Rou...

H: SEBI Mandates Independent Internal Audits and Robust Governance Framew...

H: NGOs with Expired FCRA Registration Can Now Pay Penalties Through Desi...

H: Tax Compliance Clarity: Section 128A MGST Act Explains Eligibility, Pa...

A: Financial Reporting Essentials: Private Companies Must Prepare Compreh...

A: Govt Clarifies Tax Demand Rules: Section 74 CGST Act Limits Extended A...

A: Dispute Resolution Framework Empowers Micro and Small Enterprises Thro...

A: Climate Crisis: Human Activities Accelerate Greenhouse Effect, Demand ...

A: Climate Crisis: 8 Key Strategies to Combat Global Warming Through Rene...

A: Sustainable Home Design Revolutionizes Carbon Reduction Through Innova...

A: Global Warming Limit of 1.5^0C: Critical Threshold for Preventing Cata...

A: Climate Crisis: Urgent Action Needed to Curb Greenhouse Gas Emissions ...

A: Deep-Sea Destruction: Industrial Exploitation Threatens Irreplaceable ...

H: Procedural Defects in GST Assessment Undermine Liability of penalty De...

H: Provisional Bank Account Attachment Under Section 83 Quashed Due to La...

H: Tax Assessment Time Limits Restricted: Information Exchange Must Follo...

H: Taxpayer Wins: Refund Processing Mandated with Verified TDS Credit, Ei...

H: Taxpayer Wins Challenge Against Transfer Pricing Officer's Arbitrary R...

H: Tax Authority Validates Income Assessment by Upholding Disputed Bank A...

H: Tax Appeal Dismissed: 20% Disputed Demand Not Deposited, Refund Adjust...

H: Transfer Pricing Dispute Resolved: Legislative Omission Invalidates Ta...

A: Tax Authority Overreaches: CPC Exceeds Jurisdiction by Challenging Unr...