In line with important announcement made by our FM, she has today announced that TDS & TCS Rates will be reduced by 25%. This reduction will take place for non-salaried persons.
As per the announcement, to provide more funds to taxpayers, TDS for non-salaried specified payments made to residents and rates of TCS for specified receipts shall be reduced by 25%.
This will indeed promote the much needed cash flow to MSME Sector.
These reduced new rates will remain valid up to 31st March 2021.
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