Tds return filing services near bangalore is the amount of tax that is withheld from the employee by the employer or other deductor and deposited to the income tax department on the employee's behalf. The TDS rates are determined by the various persons' income levels and age groups. When a certain payment, such as a salary, commission, rent, interest payment, or professional fee, is made, a set amount known as Tax Deducted at Source (TDS) is subtracted. The payer withholds tax at the point of origin, whereas the payer of a payment or income is responsible for paying tax. Because the tax will be collected when a payment is made, it reduces tax evasion.
REIT and InvIT dividend payments will not be subject to TDS.
Dividend payments to REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) will be rendered exempt from Tax Deduction at Source, Finance Minister Nirmala Sitharaman announced in the Union Budget for FY22 (TDS). This tries to boost adherence to tax regulations.
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