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Tag: income tax

TDS Benefits Effective July 2022

Posted on October 19, 2022December 21, 2022 by admin

As of July 1, 2022, the latest rule concerning the TDS payment will be in effect. Budget 2022-23 states that TDS will be added to the tax act under section 194R. Individuals who grant any benefit or perquisite to a resident exceeding Rs 20,000 a year must deduct a 10% TDS. The Finance Ministry will…

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TDS