TDS-TCS related changes in Budget 2025
1. Threshold Limit Increased for Sections 206C- (LRS – P,T,Q), 194, 194A, 194D, 194G, 194H, 194I, 194J
2. Double tax rate due to Specified Person is omitted
a. Clause 66 of the Bill seeks to omit section 206AB of the Income-tax Act relating to special provision for deduction of tax at source for non-filers of income-tax return.
b. Clause 68 of the Bill seeks to omit section 206CCA of the Income-tax Act relating to special provision for collection of tax at source for non-filers of income-tax return.
3. Under Section 194Q reference of sub-section (1H) of section 206C is omitted
