In her Union Budget 2024 presentation, Finance Minister Nirmala Sitharaman outlined several key proposals aimed at streamlining tax regulations. She announced a comprehensive review of the customs duty structure, set to be completed over the next six months. To ease the burden on digital businesses, the TDS rate on e-commerce transactions will be reduced to 0.1 per cent. Sitharaman also proposed merging two existing tax exemption regimes for charities into a single, simplified framework. Additionally, she recommended decriminalising delays in TDS payments until the tax filing date. Union Budget 2024: Finance Minister Nirmala Sitharaman Unveils Big Sops for Bihar and Andhra Pradesh (Watch Video).

Budget 2024: New E-Commerce TDS Rate and TDS Delay Decriminalisation

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)