Threshold limits for deduction of tax at source from income by way of dividends and income from units.

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..... ll Chambers of Commerce & Industry (As per standard list) Subject:- Threshold limits for deduction of tax at source from income by way of dividends and income from units. Sir, A copy of the Circular No.6/2002 dated 2nd August, 2002 (F.No.133/1/2002-TPL) issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (TPL) Division) is enclosed for your information and r .....

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..... for the purpose of TDS. Let us for senior citizens and for investors raise the threshold limit to Rs.2500. Thus, no tax will be deductible in respect of dividend upto Rs.2500, received from each company, or a mutual fund. With the computerisation of the Income Tax Department, data on TDS will be synchronised with the income 'returned' by the assessee for better tax administration and compliance." .....

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