Quick Summary
Tax Deduction at source on Floating Rate Savings (Taxable) Bonds (FRSB) 2020 Section 193 of the Act provides for deduction of tax at source on payment of any income to a resident by way of interest on securities. 2. The Government has introduced Floating Rate Savings (Taxable) Bonds (FRSB) 2020. The provisions of section 193 of the Act are proposed to be amendedto allow for deduction of tax at source at the time of payment of interest exceedingten thousand rupees on -I. the Floating Rate Savin
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1 Year PLAN
1999
(Excl. of GST ₹359)
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3499
(Excl. of GST ₹629)
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999
(Excl. of GST ₹179)
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FAQ :
The new TDS rules will take effect from 1st October 2024.
The new rules apply to Floating Rate Savings (Taxable) Bonds (FRSB) 2020 and any security of the Central Government or State Government specified by the Central Government.
Tax deduction at source will apply to interest payments exceeding ten thousand rupees.
These TDS provisions are governed by Section 193 of the Act.
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