Are you a doctor or social media influencer? Here’s how new TDS rule will impact you from July 1

Tax Deducted at Source (TDS), From July 1: If you are a doctor or social media influencer, then you will have to follow the new income tax rule which comes into effect next month and makes a 10 per cent tax deducted at source (TDS) mandatory on the freebies received from sales promotions.

The Central Board of Direct Taxes (CBDT) last week issued guidelines on the applicability of new TDS provisions regarding benefits received in a business or profession and said that such perquisites can either be in cash or kind or partly in both of these forms. It said that the payer/deductor need not check the taxability of the sum in the hands of the recipient,