9911796707
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Rationalisation of Tax Deducted at Source rates (Rationalisation and Simplification of taxation of Capital Gains) |
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Submit your Comments
Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 There are various provisions of Tax Deduction at Source (TDS) with different thresholds and multiple rates between 0.1%, 1%, 2%, 5%, 10%, 20%, 30% and above. To improve ease of doing business and better compliance by taxpayers, the TDS rates are proposed to be reduced. However, no change would occur with respect to sections such as TDS on salary, TDS on virtual digital assets, TDS on winnings from lottery etc/ race horses, payment on transfer of immovable property and payments to non-residents, TDS rates for TDS on contracts etc. 2. Rationalisation of TDS rates is proposed as below.
Full Text: Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024
Dated: 24-7-2024 Submit your Comments
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