tax collected at source (TCS) Current Affairs, GK & News

New TDS Rules from July 1

A new Tax Deducted at Source (TDS) rule is coming into effect from July 1, 2021. What are those new rules? Under the new rules, non-filer of income tax for past two financial years will be subjected to higher taxation. TDS or TCS will be charged at double rate specified in relevant provision of Income ..