# The Finance Act, 2024 (No. 2), Section 60: Amendment of section 194M

- Act: The Finance Act, 2024 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/60/

## Text

Amendment of section 194M. 60. In section 194M of the Income-tax Act, in sub-section (1), for the words "five per cent", the words "two per cent" shall be substituted with effect from the 1st day of October, 2024.

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