Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
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This notification amends the Income-tax Rules, 1962. Key changes include: substituting references to "section 89(1)" with "section 89"; replacing Rule 26B to allow employees to submit details of other income, tax deducted/collected at source, and house property loss to employers for computing TDS u/s 192(1); inserting new Form 12BAA for providing such details; amending Forms 10E, 16, and 24Q to incorporate changes related to section 192(2B) regarding consideration of other income/loss and tax deducted/collected at source while computing TDS; and making consequential changes. The notification aims to streamline TDS procedures and reporting requirements u/s 192.
This notification amends the Income-tax Rules, 1962. Key changes include: substituting references to "section 89(1)" with "section 89"; replacing Rule 26B to allow employees to submit details of other income, tax deducted/collected at source, and house property loss to employers for computing TDS u/s 192(1); inserting new Form 12BAA for providing such details; amending Forms 10E, 16, and 24Q to incorporate changes related to section 192(2B) regarding consideration of other income/loss and tax deducted/collected at source while computing TDS; and making consequential changes. The notification aims to streamline TDS procedures and reporting requirements u/s 192.
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