TDS threshold rationalization TDS provisions have various thresholds of amount of payment or amount of income, beyond which tax is required be deducted. It is proposed to rationalize these thresholds as below

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..... provisions have various thresholds of amount of payment or amount of income, beyond which tax is required be deducted. It is proposed to rationalize these thresholds as below - S. No Section Current threshold Proposed threshold 1. 193 - Interest on securities Nil Rs. 10,000/- 2. 194A - Interest other than Interest on securities (i) Rs. 50,000/- for senior citizen; (ii) Rs. 40,000/- i .....

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..... n lottery tickets Rs.15,000/- Rs. 20,000/- 9. 194H - Commission or brokerage Rs. 15,000/- Rs. 20,000/- 10. 194-I Rent Rs. 2,40,000/- during the financial year Rs. 50,000/- per month or part of a month 11. 194J - Fee for professional or technical services Rs. 30,000/- Rs. 50,000/- 12. 194LA - Income by way of enhanced compensation Rs. 2,50,000/- Rs. 5,00,000/- Full Text: Union B .....

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