New TDS rule, IFSC codes, cash withdrawal to cheque book charges: New norms from today you should be aware of

July 1, 2021

New Delhi: From today (July 1) as we enter into a new quarter, a number of changes for several bank account holders and taxpayers come into effect. Some of these changes are for account holders of State Bank of India, Andhra Bank, Canara Bank and Syndicate Bank. TDS and TCS rules have changed from today and taxpayers should take note of these changes. These tax-related changes were announced by Finance Minister Nirmala Sitharaman…

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ITR Filing: Reporting rules for dividend income changed. Check details

July 1, 2021

New Delhi: With the beginning of July, taxpayers must be preparing for filing income tax return (ITR) for the financial year 2020-21 (FY21). For the current assessment year, many changes have been made to reporting rules. One such change pertains to reporting of dividend income. If you have any dividend income in the previous financial year, then you need to take note of such changes in order to ensure error-free…

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