NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
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.
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