Major Changes in TDS & TCS Provisions Effective from April 1, 2025 π¨
π¨ Major Changes in TDS & TCS Provisions Effective from April 1, 2025 π¨
The government has introduced significant amendments to simplify tax compliance and reduce the burden on taxpayers. Key updates include:
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Higher TDS thresholds for interest, commission, rent, and professional fees
β
Increased exemption limits for senior citizens and mutual fund dividends
β
Rationalization of TCS on remittances and sale of goods
Detailed summary mentioned below
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