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<h1>CBDT Updates TDS Guidelines: New Exemption Criteria for Entities u/s 10 of the Income-tax Act.</h1> The Central Board of Direct Taxes has updated the guidelines on tax deduction at source (TDS) for entities whose income is exempt under Section 10 of the Income-tax Act, 1961. Entities whose income is unconditionally exempt and are not required to file returns under Section 139 are not subject to TDS. The revised list includes local authorities, regimental funds, certain insurance funds, regulatory bodies, and various national funds and corporations. This circular supersedes previous Circulars No. 4/2002 and No. 7/2015, reflecting changes in the eligibility criteria for TDS exemption.