Tag: TDS

Cryptocurrency will be subject to a 30% tax in India

The government announced a 30 percent tax on the transaction of any cryptocurrency assets. Finance Minister Nirmala Sitharaman announced in her Budget Presentation 2022 that revenue from the transfer of digital assets will be subject to a 30% tax. Except for the acquisition price, no deduction for any spending or allowance shall be permitted while…
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TDS on dividends

About TDS on Dividends, SECTION 194 and LOWER TDS CERTIFICATE

TDS on Dividends Dividend income is now subject to a tax of shareholders, beginning with the assessment year 2021-2022. The provisions of section 194 have been changed as a result. Prior to actually making any payment of whatever mode, the chief officer of an Indian company or a corporation that has made the required provisions…
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