When the Goods and Service Tax (GST) was first proposed, the government had envisioned a unified Indian market to strengthen the economy. The GST was proposed as a comprehensive tax on manufacture, sale and consumption of goods and services at a national level rather than at individual state levels. But three missed deadlines later, the […]

Section Nature of payment Person responsible to deduct TDS Type of payee Rate of TDS Exemption Limit 192 Salary All employers Employee As applicable to the individual Basic exemption applicable to individuals (Rs. 2,00,000/ Rs2,50,000) 193 Interest on debentures All persons Any resident in India Domestic Companies and resident Non – Corporate Assessees – 10% […]