Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
