Budget 2024: Finance Minister Announces TDS Framework Changes—Check How It Affects You | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman has announced changes to the Tax Deducted at Source (TDS) framework which will affect salaried individuals. The changes will affect disposable income and make tax processes smoother. The Finance Minister explained that the Finance Bill aims to simplify the tax system for charities, adjust TDS rates, improve reassessment and […]

ABHISEK RAJPUT

July 24, 2024

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TDS On Income From G-Sec: Expert Says Investors May Possibly Shift To Gilt Funds | Personal Finance News

New Delhi: Announcing the Union Budget 2024, the Finance Minister Nirmala Sitharaman proposed a 10 percent Tax Deducted at Source (TDS) on all central government securities, state government bonds, and state development loans (SDLs), effective from 1st October 2024. This means the interest you receive will be subject to a 10% deduction. In her Budget […]

ABHISEK RAJPUT

August 2, 2024

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CBDT Eases TDS/TCS Rules for Deceased Deductees and Collectees Before PAN-Aadhaar Linkage | Personal Finance News

New Delhi: The government has relaxed provisions of TDS/TCS in the event of the death of the deductee/collectee before the linkage of PAN and Aadhaar card. TDS is Tax Deducted at Source and TCS is Tax Collected at Source in India. The Central Board of Direct Taxes (CBDT), has issued a circular dated August 5, […]

ABHISEK RAJPUT

August 7, 2024

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CBDT Eases TDS Rule In Cases Of Death Of Deductees Before Linkage Of Pan-Aadhaar | Personal Finance News

New Delhi: The Central Board of Direct Taxes (CBDT) has relaxed the provisions of TDS/TCS in the event of the death of deductee/collectee, before the linkage of PAN and Aadhaar, according to an official statement issued on Wednesday. “To redress the grievances of the taxpayers wherein instances have been cited, of demise of the deductee/collectee […]

ABHISEK RAJPUT

August 8, 2024

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