Budget updates - TDS provisions

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..... Budget updates - TDS provisions
By: - CSSwati Rawat
Budget - Tax Proposals
Dated:- 4-2-2019

TAX DEDUCTED AT SOURCE 1. Tax deduction at source on interest As proposed to amend section .....

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..... 194A to increase the threshold limit for deduction of tax at source on interest payable to a resident (other than interest on securities) from ₹ 10,000 to ₹ 40,000. These amendments will .....

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..... take effect from April 1, 2020 and will, accordingly, apply in relation to the assessment year 2020- 21 and subsequent years. 2.Tax deduction at source on rent It is proposed to amend section 194I .....

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..... of the Act to increase the threshold limit for deduction of tax at source on rent from ₹ 1,80,000 to ₹ 2,40,000. These amendments will take effect from April 1, 2020 and will, accordingly .....

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..... , apply in relation to the assessment year 2020-21 and subsequent years.
Scholarly articles for knowledge sharing by authors, experts, professionals .....

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