Deduction u/s 194m

tax is deducted if pmt exceeds 50 lacs ,eg if pmt is 51 lacs , will tax b deducted on 51 lacs or just on 1 lac @ 5 percent
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Quick Summary
This discussion clarifies tax deduction under Section 194M. If a payment exceeds the 50 lakh threshold, tax is deducted on the entire amount, not just the excess. This ensures compliance with the specified tax regulations.

It will be on entire amount as threshold limit is rs 50 lakhs
Thank u

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