Rationalisation of Tax Deducted at Source rates is proposed. TDS ...

TDS rates reduced for 194D, 194DA, 194G, 194H, 194-IB, 194M, 194-O from 0.1-2% from 1.4.2025/1.10.2024. 194F omitted for MF/UTI repurchase from 1.10.2024. No change for salary, VDAs, lottery, race horses, property transfers, NR payments, contracts.

Notes Bill

August 1, 2024

Rationalisation of Tax Deducted at Source rates is proposed. TDS rates to be reduced for sections 194D, 194DA, 194G, 194H, 194-IB, 194M, and 194-O, ranging from 0.1% to 2%, effective from 1.4.2025 or 1.10.2024. Section 194F relating to repurchase of units by Mutual Funds/UTI is proposed to be omitted from 1.10.2024. No change for TDS on salary, virtual digital assets, lottery winnings, race horses, immovable property transfers, non-resident payments, and contract payments.

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Rationalisation of Tax Deducted at Source rates is proposed. TDS ...

TDS rates reduced for 194D, 194DA, 194G, 194H, 194-IB, 194M, 194-O from 0.1-2% from 1.4.2025/1.10.2024. 194F omitted for MF/UTI repurchase from 1.10.2024. No change for salary, VDAs, lottery, race horses, property transfers, NR payments, contracts.

Notes Bill

August 1, 2024

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