https://www.taxtmi.com/article/detailed?id=6128 Budget 2015 proposes targeted withholding-tax amendments effective June 1, 2015: extension of concessional withholding rates for certain foreign investor interest; restriction of non-deduction for transport payments to contractors qualifying under the presumptive transport scheme who furnish PAN and declaration; narrowing cooperative exemptions so co operative banks generally deduct tax on time deposits while preserving inter-cooperative exemptions; inclusion of recurring deposits within time-deposit scope and preservation of the small-depositor threshold; procedural TDS/TCS reforms for statement processing, correction, intimations, appeals, and penalties for non-challan payments; and a simplified withholding regime with declaration and PAN rules for premature EPF withdrawals. en-us Mon, 02 Mar 2015 15:10:43 +0530 Mon, 02 Mar 2015 17:48:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6128 Budget 2015 proposes targeted withholding-tax amendments effective June 1, 2015: extension of concessional withholding rates for certain foreign investor interest; restriction of non-deduction for transport payments to contractors qualifying under the presumptive transport scheme who furnish PAN and declaration; narrowing cooperative exemptions so co operative banks generally deduct tax on time deposits while preserving inter-cooperative exemptions; inclusion of recurring deposits within time-deposit scope and preservation of the small-depositor threshold; procedural TDS/TCS reforms for statement processing, correction, intimations, appeals, and penalties for non-challan payments; and a simplified withholding regime with declaration and PAN rules for premature EPF withdrawals. Articles Budget - Tax Proposals Mon, 02 Mar 2015 15:10:43 +0530 https://www.taxtmi.com/article/detailed?id=6128