9911796707
TMI BlogTax deduction at source on 7.75% GOI Savings (Taxable) Bonds, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax deduction at source on 7.75% GOI Savings (Taxable) Bonds, 2018 - Budget Dated:- 5-2-2018 - News - Tax deduction at source on 7.75% GOI Savings (Taxable) Bonds, 2018 Government of India intr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oduced 8% Savings (Taxable) Bonds, 2003 in 2003. Under the existing law, the interest received by the investor is taxable. Further the payer is liable to deduct tax at source under section 193 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act at the time of payment or credit of such interest in excess of rupees ten thousand to a resident. Government has now decided to discontinue the existing 8% Savings (Taxable) Bonds, 2003 with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a new 7.75% GOI Savings (Taxable) Bonds, 2018. The interest received under the new bonds will continue to be taxed as in the case of the earlier once. The provisions of section 193 are proposed to b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e amended to allow for deduction of tax at source at the time of making payment of interest on such bonds to residents. However, no TDS will be deducted if the amount of interest is less than or equal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to ten thousand rupees during the financial year. This amendment will take effect from 1st April, 2018. [ Clause 46 ] - News - Press release - PIB Tax Management India - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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