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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The Finance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194J
News and Press Release
Dated:- 15-3-2010

The F .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... inance 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 servic .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es 20,000 30,000
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X