Budget updates - TDS provisions

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..... Budget updates - TDS provisions - By: - CS Swati Dodhi - Budget - Dated:- 4-2-2019 - - TAX DEDUCTED AT SOURCE 1. Tax deduction at source on interest As proposed to amend section 194A to .....

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..... 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 take ef .....

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..... fect 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, accordi .....

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..... ngly, apply in relation to the assessment year 2020-21 and subsequent years. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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