Budget: Exempt entities like non-profits face hurdles due to TCS on transactions. Govt can notify exemptions/lower TCS rates for them. Effective Oct '...
Budget: Amendments clarify penalties for inaccurate info/non-compliance with due diligence under AEoI. Rs. 50K fine for errors/failures. Defense allow...
Income Tax: Section 193 of the Income Tax Act is amended to allow deduction of tax at source when interest exceeding Rs 10,000 is paid on Floating Rate Savings Bonds (FRSB) 2020 (Taxable) and any other security specified by the Central Government. The amendment takes effect from October 1, 2024.
Income Tax: Section 193 of the Income Tax Act is amended to allow deduction of tax at source when interest exceeding Rs 10,000 is paid on Floating Rate Savings Bonds (FRSB) 2020 (Taxable) and any other security specified by the Central Government. The amendment takes effect from October 1, 2024.
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