Amendment of section 194DA.

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..... the words one per cent. shall be substituted with effect from the 1st day of June, 2016. - Clause 74 of the Bill seeks to amend section 194DA of the Income-tax Act relating to payment in respect of l .....

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..... ount of such payments exceeds one hundred thousand rupees during the financial year. It is proposed to reduce the said rate of tax deduction from two per cent. to one per cent. This amendment will tak .....

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