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Amendment of section 194C.

Clause 72 - Bills - DIRECT TAXES - Bill - Clause 72 - 72. In section 194C of the Income-tax Act, in sub-section (5), in the proviso, for the words seventy-five thousand rupees , the words one lakh rupees shall be substituted with effect from the 1st .....

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o in subsection (1) of the said section shall be liable to deduct income-tax, where the aggregate of the amounts of the sums credited or paid or likely to be credited or paid during the financial year exceeds seventy-five thousand rupees. It is propo .....

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