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  • FinMin FAQs On LRS

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    Saurabh Maloo
    41 views6 pages
    The document discusses recent amendments made to Section 194Q of the Income Tax Act regarding the tax deducted at source (TDS) requirements for remittances made by an individual or Hindu Undivided Family (HUF). Key changes include an increase in the TDS threshold from Rs. 50,000 to Rs. 7,00,000 per year and the requirement of PAN/Aadhaar for remittances above Rs. 50,000 to ensure proper tax compliance.

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    lrs

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    FinMin_FAQs_on_LRS[79]

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    The document discusses recent amendments made to Section 194Q of the Income Tax Act regarding the tax deducted at source (TDS) requirements for remittances made by an individual or Hindu Undivided Family (HUF). Key changes include an increase in the TDS threshold from Rs. 50,000 to Rs. 7,00,000 per year and the requirement of PAN/Aadhaar for remittances above Rs. 50,000 to ensure proper tax compliance.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    41 views6 pages

    FinMin FAQs On LRS

    Uploaded by

    Saurabh Maloo
    The document discusses recent amendments made to Section 194Q of the Income Tax Act regarding the tax deducted at source (TDS) requirements for remittances made by an individual or Hindu Undivided Family (HUF). Key changes include an increase in the TDS threshold from Rs. 50,000 to Rs. 7,00,000 per year and the requirement of PAN/Aadhaar for remittances above Rs. 50,000 to ensure proper tax compliance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    taxsutra All rights reserved

    Downloaded by sithalakshmi.seshan@pwc.com at 19/05/23 10:47am


    taxsutra All rights reserved

    Downloaded by sithalakshmi.seshan@pwc.com at 19/05/23 10:47am


    taxsutra All rights reserved

    Downloaded by sithalakshmi.seshan@pwc.com at 19/05/23 10:47am


    taxsutra All rights reserved

    Downloaded by sithalakshmi.seshan@pwc.com at 19/05/23 10:47am


    taxsutra All rights reserved

    Downloaded by sithalakshmi.seshan@pwc.com at 19/05/23 10:47am


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