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FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23
Tax is deductible when buyer paid or payable exceeding the Rs 50 lakhs at the time credit of such amount to the seller or at the time of making payment. For the purpose of computation of threshold limit GST will be included. Tax deduction rate is .01 percent In case PAN is not available rate will be 5 percent.