https://www.taxtmi.com/news?id=21621 The Bill revises direct tax rates and surcharge rules and replaces prior education cesses with a unified Health and Education Cess, expands withholding obligations by introducing new TDS provisions for payments by certain individuals and for large cash withdrawals, broadens the definition of consideration for property transfers, mandates returns for specified high value transactions, enables PAN-Aadhaar interchangeability and authentication for prescribed transactions, and imposes electronic payment acceptance requirements with penalties for non compliance, alongside sectoral tax incentives and administrative and anti abuse reforms. en-us Fri, 05 Jul 2019 15:12:49 +0530 Fri, 05 Jul 2019 15:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21621 The Bill revises direct tax rates and surcharge rules and replaces prior education cesses with a unified Health and Education Cess, expands withholding obligations by introducing new TDS provisions for payments by certain individuals and for large cash withdrawals, broadens the definition of consideration for property transfers, mandates returns for specified high value transactions, enables PAN-Aadhaar interchangeability and authentication for prescribed transactions, and imposes electronic payment acceptance requirements with penalties for non compliance, alongside sectoral tax incentives and administrative and anti abuse reforms. News - Fri, 05 Jul 2019 15:12:49 +0530 https://www.taxtmi.com/news?id=21621