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of <h1>Form 24G, governed by rules 30 and 37CA, streamlines TDS/TCS adjustments for accurate tax reporting and compliance.</h1> Form 24G is a TDS/TCS Book Adjustment Statement used for reporting tax deductions and collections. It is governed by rules 30 and 37CA of the Income Tax regulations. This form has been amended by Notification No. 30/2016, dated April 29, 2016, and was initially introduced by Notification No. 41/2010 on May 31, 2010. Form 24G facilitates the adjustment of tax deductions and collections recorded in government accounts, ensuring accurate financial reporting and compliance with tax laws.
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