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COVID – 19 – Tax Matters

Posted on May 14, 2020October 26, 2020

TAXATION MEASURES: Rs 50,000 crores liquidity through TDS / TCS rate reduction • Rates of TDS for non-salaried specified payments made to residents and rates TCS for the specified receipts shall be reduced by 25% of the existing rates. • Payment for contract, professional fees, interest, rent, dividend, commission, brokerage, etc. shall be eligible for…

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