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Tax deduction by individuals carrying business or profession

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2012 Whether limit for deduction of tax from the payments made by individuals carrying business or profession has increased to 25 Lacs from earlier 15 Lacs?

Can someone provide me a circular in this regard?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 September 2012 It is budget 2012-13 amendment. so applicable from AY-2013-14

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