Union Budget 2024: Finance Minister Nirmala Sitharaman Proposes New Measures for E-Commerce TDS and Charity Tax Exemptions
In her Union Budget 2024 presentation, Finance Minister Nirmala Sitharaman outlined several key proposals aimed at streamlining tax regulations.
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
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