Form 12BB — Rule 26C CBDT amended Income Tax Rules, 2016 vide Notification No.3o/2016, F.No.142/29/2o15- TPL. These Rules shall come into force from 1st day of June, 2016 CBDT introduced Form 12BB for furnishing of evidence of claims by employee for deduction of tax under 5.192 by inserting Rule 26C. Accordingly, assessee (employees) shall furnish…
Central Board of Direct Taxes has simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return. Taxpayers were required to fill in complete details of the entire TDS schedule while applying for rectification on the e-filing portal of the Income-tax Department (www.incometaxindiaefiling.gov.in). Errors due to incomplete TDS details in…
F.No.: DGIT(S)/CPC(TDS)/DCIT/15GH /2015-16 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 4 /2015 New Delhi, 1st of December 2015 Subject: Simplification of procedure for Form No.15G & 15H — regarding Section 197A of the Income tax Act provides for no deduction in certain case by…
On 20th Apr-2015, NSDL has released new RPU utility for e-TDS/ TCS returns for F.Y. 2007-08 onwards. Key features of this utility are: Quoting of PAN of responsible person for deducting/ collecting tax. Quoting of AIN mandatory only if the TDS/TCS has been deposited by book entry i.e., through transfer voucher. Quoting of BIN mandatory only…