"tds"

Finance Minister proposes to enhance annual threshold for deduction of tax at source (TDS) on rent to Rs 6 lakh from the current limit of Rs 2.4 lakh

Asks SC to declare the TDS system manifestly arbitrary, irrational and against Articles 14 (right to equality), 19 (right to practice profession) and 21 (right to life and personal liberty) of the Constitution

The participants engaged in policy-oriented discussions on available best practices, sharing knowledge and expertise to explore innovative solutions in tax deduction, according to a statement.

New regime lowers tax rates, eliminates deductions

"Reducing TDS will help achieve the tax trail without creating the unintended cash-flow concerns," the IAMAI said in a statement.