Clause 59 - Amendment of section 194-I - Finance Bill, 2025

Amendment of section 194-I 59. In section 194-I of the Income-tax Act, for the first proviso, the following proviso shall be substituted, namely: Provided that no deduction shall be made under this section, where the income by way of rent credited or paid for a month or part of a month by such person to the account of, or to, the payee, does not exceed fifty thousand rupees: .