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Govt slashes TDS default charges to 1.5%

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October 19, 2024

The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.

Govt slashes TDS default charges to 1.5%

The guidelines issued on Thursday as a part of the Finance Minister's budget announcement to simplify and streamline the compounding procedure.

The revised guidelines, released with an aim to make the process easier and more accessible for taxpayers, removing many of the complexities found in the previous guidelines.

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यह कहानी The Daily Guardian के October 19, 2024 संस्करण से ली गई है।

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