The government’s decision on the mandatory payment of at least 1 percent of the GST tax liability in cash will only apply to establishments that have an annual turnover of Rs 6 crore and the new rule will not apply to micro and small businesses. companies, and composition distributors, finance …
Read More »TDS, TCS rates cut to put cash in your hand, but your tax liability remains the same
[ad_1] The government has reduced TDS and TCS rates for interest, dividends, and rental payments by 25 percent as of May 14, 2020 for the current fiscal year. Finance Minister Nirmala Sitharaman announced this at a press conference today. The source tax deduction (TDS) and source tax collection (TCS) rates …
Read More »