Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Payers using Form No. 121 must enable declarations in paper or electronic form, verify them electronically where applicable, and allot a 26-character Unique Identification Number to each declaration received. The UIN is composed of a running sequence number beginning with "D", the relevant tax year, and the payer's TAN; paper declarations must be digitised and placed in the same sequence, which resets for each TAN at the start of every tax year. The payer must furnish Part B of Form No. 121, with the declaration details and UIN, within the prescribed timelines on the income-tax e-filing portal, and also include the particulars in the quarterly tax deduction statement even where no tax was deducted.
Payers using Form No. 121 must enable declarations in paper or electronic form, verify them electronically where applicable, and allot a 26-character Unique Identification Number to each declaration received. The UIN is composed of a running sequence number beginning with "D", the relevant tax year, and the payer's TAN; paper declarations must be digitised and placed in the same sequence, which resets for each TAN at the start of every tax year. The payer must furnish Part B of Form No. 121, with the declaration details and UIN, within the prescribed timelines on the income-tax e-filing portal, and also include the particulars in the quarterly tax deduction statement even where no tax was deducted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
