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ET Now on MSNIncreased tax rebate, higher TDS, TCS: Money, income tax, financial changes from April 1, 2025Dhruv Chopra, Managing Partner at Dewan P. N. Chopra & Co., shares insights on top updates and their implications for ...
New TDS, TCS rules 2025: Under the new provisions ... TDS is applicable to various payments based on specified thresholds and rates. These reforms aim to ease tax compliance for taxpayers and ...
Corrections in tax deducted at source (TDS) and TCS statements will be allowed for ... from an existing fund to an NFO, the commission rate of the lower-commission scheme will be considered.
faced higher TDS/TCS deductions. The 2025 budget removes this provision, providing relief to small business owners and common taxpayers who previously encountered excessive tax rates due to non ...
Until now, individuals who did not file Income Tax Returns (ITR) were subjected to a higher rate of TDS and TCS. However, Budget 2025 proposes to remove this provision, offering relief to common ...
TDS Filing Due Date For FY2024-25 ... tax from specific payments at predetermined rates and deposit it to the Central Government’s account within the stipulated time. Tax Collected at Source (TCS) ...
The income tax department gathered data from various sources like AIS, TDS/TCS statements, statements of financial transactions ... unaccounted monies and taxed under 115BBE where the tax rates reach ...
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