Day: August 27, 2023
-
CBDT’s Newly Notified Exchange Rate: How it Affects TDS Deduction on Foreign Currency Income
A decision that has attracted the attention of both corporations and taxpayers The Central Board of Direct Taxes (CBDT) recently announced a new exchange rate for the purposes of Tax Deducted at Source (TDS) on foreign currency income that will take effect on August 17, 2023. With this new development, it is crucial to comprehend…