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TMI BlogThe Finance Bill has proposed to raise the threshold limit for payments mentioned in sections 194B, 194BB, 194C, 194D, 194H, 194-I and 194JX X X X Extracts X X X X 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 - Commentaries / Editorials Dated:- 15-3-2010 - News - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Section Nature of Payment Existing threshold limit of payment (Rupees) Proposed threshold limit of payment (Rupees) 1. 194B Winnings from lottery or crossword puzzl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 duri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 - News - Press releas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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