TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Surcharge Rates Impact TDS/TCS; Transactions Before July 5, 2019, Exempt if Criteria Met.</h1> The Finance (No.2) Act, 2019 increased surcharge rates effective from April 1, 2019, impacting tax deduction at source (TDS) and tax collection at source (TCS). Transactions completed before July 5, 2019, are exempt from default status if TDS/TCS was deducted/collected at previous rates, deposited timely, and reported correctly. If conditions are unmet, the benefit is not applicable. Transactions after July 5, 2019, must adhere to new rates, with no interest for delayed deductions. Deductees/payees must ensure correct tax payment and filing, including the enhanced surcharge. This clarification is approved by the Finance Minister.
TaxTMI 
TaxTMI 
