Amendment of section 194DA.

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..... words five per cent. , the words two per cent. shall be substituted with effect from the 1st day of October, 2024. - Clause 54 of the Bill seeks to amend section 194DA of the Income-tax Act relating t .....

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..... per cent. on the amount of income comprised therein. It is proposed to amend the said section so as to reduce the said rate of tax deduction from five per cent. to two per cent. This amendment will t .....

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