Three income tax rules that will be applicable from July 1. Sangbad Pratidin ProIQRA News

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Published by: Biswadip Dey | Posted: June 30, 2022 2:06 pm| Updated: June 30, 2022 2:06 pm

News Daily Digital Desk: At the end of the first quarter of the 2022-23 financial year, from July 1, i.e. tomorrow, Friday, three important changes are going to take place in the rules of income tax. One of them is the rule regarding PAN-Aadhaar linking. Concerning the other two TDS. These three rules proposed in the central budget last February are going to be ‘real’ this time. Let us know in detail-

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1) Pan-Aadhaar Link: Have you linked your Pan and Aadhaar? If not, today is the last day to link to it. Otherwise you will have to pay a hefty fine. Fines have been imposed since last March. But from March to June, the amount of the fine will double this time. He had to pay a fine of 500 rupees for so long. This time you have to pay 1 thousand rupees.

2) TDS in cryptocurrency: From April 1, 30 percent income tax has to be calculated in cryptocurrency. This time 1 percent TDS is added to it. The profit or loss of the investor will not be judged here. However, the investor can apply for TDS refund after showing the loss.

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3) Changes in Income Tax for Doctors and Popular on Social Media: In the Union Budget of 2022, a new section 194R was added to the Income Tax Act of 1981. This time it will be effective. Under that law, 10 percent TDS to be paid to doctors and popular people on social media for sales promotion on social media. However, in case of any financial year, if there is a profit of more than 20 thousand rupees, then that TDS has to be paid.

Union Finance Minister Nirmala Sitharaman presented the budget (Union Budget 2022) on Tuesday with the message of turning the tide in Corona on February 1. Although there is no income tax exemption for the middle class, he made several announcements emphasizing reforms in the direct tax system.

[আরও পড়ুন: এবার বিধায়ক কেনাবেচাতেও দিতে হবে GST! মুখ ফসকে এ কী বললেন নির্মলা? কটাক্ষ তৃণমূলের]

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