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22 June 2012 please reply

In case of sec. 194H is Rs. 5000 is one time limit? is there any annual limit for this ?

22 June 2012 Rs 5000/- is annual limit.

Sec 194H says--

no deduction shall be made under this section in a case where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year to the account of, or to, the payee, does not exceed five thousand rupees.


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