Tax Deducted at Source (TDS) on insurance commission for non-corporates reduced from 5% to 2% from Apr 1, 2025. https://www.taxtmi.com/highlights?id=80009 Section 194D mandates deduction of tax at source (TDS) on insurance commission payments to residents. Currently, the TDS rate is 5% for non-corporate entities. It is proposed to reduce this TDS rate from 5% to 2% for non-corporate recipients, effective April 1, 2025. This amendment aims to rationalize and simplify taxation of capital gains. en-us Thu, 01 Aug 2024 11:18:16 +0530 Thu, 01 Aug 2024 11:18:16 +0530 TaxTMI RSS Generator Tax Deducted at Source (TDS) on insurance commission for non-corporates reduced from 5% to 2% from Apr 1, 2025. https://www.taxtmi.com/highlights?id=80009 Section 194D mandates deduction of tax at source (TDS) on insurance commission payments to residents. Currently, the TDS rate is 5% for non-corporate entities. It is proposed to reduce this TDS rate from 5% to 2% for non-corporate recipients, effective April 1, 2025. This amendment aims to rationalize and simplify taxation of capital gains. Highlights Bill Thu, 01 Aug 2024 11:18:16 +0530 https://www.taxtmi.com/highlights?id=80009