Cryptocurrency Q&A
What is the new TDS rule?
What is the new TDS rule?
CryptoVanguard
Sat Oct 19 2024
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7 answers
1622
The new TDS rule refers to a recent regulation change related to TDS (Tax Deducted at Source) in India. Effective from April 1st, 2023, this rule has been updated to include certain modifications in the way tax is deducted and remitted to the government. It aims to streamline the tax collection process and ensure greater compliance among taxpayers.
7 answers
Martino
Mon Oct 21 2024
This change is likely to provide a significant boost to the e-commerce industry, as it reduces the financial burden on operators and encourages growth.
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CryptoPioneer
Mon Oct 21 2024
This reduction in TDS rates is expected to ease the burden on taxpayers and encourage more transactions within these sections.
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KiteFlyer
Mon Oct 21 2024
Moreover, the TDS rate applicable to e-commerce operators has undergone a substantial decrease.
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Silvia
Mon Oct 21 2024
Previously, e-commerce operators were subject to a TDS rate of 1%, but now they will only have to pay 0.1%.
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StormGlider
Mon Oct 21 2024
The recent adjustment in TDS rates has brought about significant changes for taxpayers in India.
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