Income Tax: The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961 (03.01.2025)

Income Tax 

The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centers (IFSC), provided both buyers and sellers meet specific conditions.

[Notification No. 3/2025 dated 02.01.2025]