Archive for February 26th, 2010

Income Tax Department press release dated January 20, 2010 on TDS

February 26th, 2010

As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available.

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