How To Reduce TDS On Government Bonds In 2024?
In the Union Budget 2024 it was announced that TDS will be deducted at 10% from specific central and state government bonds, including floating rate bonds. It will be implemented from October 1, 2024. The CEO of InCred Money, Vijay Kuppa said "In the Union Budget 2024, the Government has proposed a 10% TDS on all central government securities, state government bonds, and state development loans (SDLs), effective from October 1, 2024.
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