Get the details on TDS and taxability on net winnings from online games in Budget 2023. Section 194B, 194BB, & 115BB provide the rate of tax & more. Know now!
The proviso to section 193 of the Act provides exemption from TDS in respect of payment of interest on certain securities. Clause (ix) of the proviso to the aforesaid section provides that no tax is to be deducted in the case of any interest payable on any security issued by a company, where such security is in dematerialized form and is listed on a recognized stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (32 of 1956) and the rules made thereunder.
It may be noted that dual non-taxation of any distribution made by the business trust i.e. which is exempt in the hands of the business trust as well as the unit holder, is not the intent of the special taxation regime applicable to business trusts.
Exemption to news agencies under clause (22B) of section 10 of Income Tax Act is proposed to be withdrawn from assessment year 2024-25
Sums on which tax is required to be deducted under section 194LBA of Income Tax Act shall be eligible for certificate for TDS deduction at lower or nil rate
Budget 2023 amends section 9(1)(viii) of Income Tax Act to extend deeming provision to sum of money exceeding fifty thousand rupees, received by a not ordinarily resident, without consideration from a person resident in India.
Explore the Union Budget 2023–24 presented by Smt. Nirmala Sitharaman, aiding the macroeconomy & increasing citizens’ opportunities. Unleash Budget 2023 updates for the agrarian sector.
With the Union Budget 2023, the Finance Minister, Nirmala Sitharaman, revised the presumptive taxation, amendment to section 194N and more – learn about the key highlights & takeaways.
Learn about how GST law & IBC law interact and their implications on property of a taxable person. Explore the Section 82 of CGST act, CIRP & IBC to understand more.
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