TAX Update

More TDS will be Deducted for Those Who do not File Returns, The New System is Being Implemented From July 1

TDS: Income Tax Department has prepared a new system for deducting TDS (tax deducted at source) and collecting TCS (tax collected at source). Through this, it will be easy to identify those ‘specified persons’ who have not filed returns, who will be taxed at higher rates from July 1. This will reduce the compliance burden. Tax deducted…

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