Income Tax: CBDT issued notification dated 08.06.2021 for TDS rules and Form

Income Tax: CBDT issued notification dated 08.06.2021 for TDS rules and Form

CBDT notifies Income-tax (17th Amendment) Rules, 2021 and shall come into force from the date 08.06.2021

As per the amendment Every person responsible for deduction of tax under Chapter XVII-B at the time of preparing statements of tax deducted shall,

‘(x) furnish particulars of amount paid or credited on which tax was not deducted or deducted at lower rate in view of the notification issued under sub-section (5) of section 194A or in view of exemption provided under clause (x) of sub-section (3) of section 194A.’;

Every person responsible for deduction of tax under Chapter XVII-B at the time of preparing statements of tax deducted shall,

“(xiv) furnish particulars of amount paid or credited on which tax was not deducted in view of clause (d) of

the second proviso to section 194 or in view of the notification issued under clause (e) of the second proviso to section 194;

(xv) furnish particular of amount paid or credited on which tax was not deducted in view of proviso to subsection(1A) or in view of sub-section (2) of section 196D.;

(xvi) furnish particulars of amount paid or credited on which tax was not deducted in view of sub-section

(5) of section 194Q with effect from 1st day of July,2021

Where as

In the principal rules, in Appendix II, in form 26A, in Annexure A, in clause (ii), the words “, who is a

resident,” shall be omitted.

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