shine india monthly magazine published this article page no 15 new tax deduction at source (tds) and tax collection at source (tcs) provisions have been introduced for various transactions including rent payments e-commerce operations large cash withdrawals and goods purchases. removing arbitrage on the sale of market-linked debentures and debt mutual funds removing ambiguity on the taxation of return from business trusts classified as debt limiting long-term capital gains tax savings through residential property investments a higher surcharge for high-net-worth taxpayers etc. the black money (undisclosed foreign income & assets) & imposition of tax act 2015 was enacted to make provisions to deal with the problem of black money which is undisclosed foreign income/ assets stashed abroad shine india monthly magazine subscription.
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