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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 194C. - TDS - the person responsible for ...

Bill

March 2, 2016

Amendment of section 194C. - TDS - the person responsible for paying the sums referred to 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 proposed to enhance the said threshold limit from seventyfive thousand rupees to one lakh rupees for the aggregate transactions during the financial year.

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