https://www.taxtmi.com/news?id=27208 Continues existing income-tax rates for 2024-25 with modifications to aggregation and computation of net agricultural income (higher thresholds for senior residents); updates and prescribes banded surcharge rates and caps; retains detailed TDS rates and surcharge on deducted tax; extends exemption/incentive date references from 2024 to 2025; revises section 206C collection rules (including overseas tour package collection); substitutes Rule 8 for agricultural loss set-off; redefines and mandates registration of Input Service Distributors under CGST with prescribed distribution mechanics; and inserts section 122A imposing penalties and seizure for machines not registered under notified special procedure. en-us Thu, 01 Feb 2024 12:10:47 +0530 Wed, 11 Feb 2026 15:59:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27208 Continues existing income-tax rates for 2024-25 with modifications to aggregation and computation of net agricultural income (higher thresholds for senior residents); updates and prescribes banded surcharge rates and caps; retains detailed TDS rates and surcharge on deducted tax; extends exemption/incentive date references from 2024 to 2025; revises section 206C collection rules (including overseas tour package collection); substitutes Rule 8 for agricultural loss set-off; redefines and mandates registration of Input Service Distributors under CGST with prescribed distribution mechanics; and inserts section 122A imposing penalties and seizure for machines not registered under notified special procedure. News - Thu, 01 Feb 2024 12:10:47 +0530 https://www.taxtmi.com/news?id=27208