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Withholding tax

Tax on income imposed at source, i.e. a third party is charged with the task of deducting the tax from certain kinds of payments and remitting that amount to the government. Withholding taxes are found in practically all tax systems and are widely used in respect of dividends, interest, royalties and similar tax payments. The rates of withholding tax are frequently reduced by tax treaties.

News On Withholding tax
Lower TDS rate; amend capital gains tax laws: Easwar panel

18-01-2016| Source:PTI

A high level panel on income tax laws' simplification today recommended an across-the-board raising of threshold limits for deduction of tax at source (TDS) and halving of the withholding tax in most

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