TDS On Income From G-Sec: Expert Says Investors May Possibly Shift To Gilt Funds
New Delhi: Announcing the Union Budget 2024, the Finance Minister Nirmala Sitharaman proposed a 10 percent Tax Deducted at Source (TDS) on all central government securities, state government bonds, and state development loans (SDLs), effective from 1st October 2024. This means the interest you receive will be subject to a 10% deduction. In her Budget…