{"id":43,"date":"2018-10-31T11:18:06","date_gmt":"2018-10-31T11:18:06","guid":{"rendered":"http:\/\/corpbiz.io\/learning\/?p=43"},"modified":"2021-03-02T16:40:18","modified_gmt":"2021-03-02T11:10:18","slug":"tds-return-filing-latest-amendment-extensions-rate-charts-2022-23","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/tds-return-filing-latest-amendment-extensions-rate-charts-2022-23\/","title":{"rendered":"TDS Return Filing Latest Amendment, Extensions and Rate Charts: FY 2021-2022 (AY 2022-2023)"},"content":{"rendered":"\n

Tax Deducted at Source (TDS) is one of the significant concerns for taxpayers complying the Income Tax Act. Due to the outbreak of covid-19 pandemic the Government has provided lower TDS Return rates in The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020.<\/p>\n\n\n\n

In Budget 2021, the major changes have been made by Introducing New Section in both TDS & TCS for Income Tax Returns<\/strong><\/a> (ITR) Non-Filer and TDS on Purchase of Goods with effect from 01st<\/sup> July, 2021. <\/p>\n\n\n\n

The Central government has dropped the rate of the tax deducted at source (TDS) and the rate of tax collected at source (TCS) by 25 per cent on non-salaried payments which is effective from May 14, 2020, and until March 31, 2021. The government has undertaken this decision by lowering tax rates so as to give additional liquidity<\/strong>[1]<\/strong><\/a><\/sup> to people.<\/p>\n\n\n\n

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