Amendment of section 194-IB.

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..... b-section (1), for the words five per cent. , the words two per cent. shall be substituted with effect from the 1st day of October, 2024. - Clause 59 of the Bill seeks to amend section 194-IB of the I .....

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..... uring the previous year, shall deduct an amount equal to five per cent. of such income as income-tax thereon. It is proposed to amend the said sub-section so as to reduce the said rate of tax deductio .....

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