Tax deducted at source certificate now captures specified transaction, deductee, payment, and deposit details through a structured declaration. Form No. 132 provides a certificate for tax deducted at source covering specified payment and transfer transactions. It requires deductor and deductee ... Summary
Tax deducted at source certificate now captures specified transaction, deductee, payment, and deposit details through a structured declaration.
Form No. 132 provides a certificate for tax deducted at source covering specified payment and transfer transactions. It requires deductor and deductee identification details, transaction-wise payment, tax-rate, deduction and deposit particulars, and challan details for tax credit to the deductee. The person responsible for deduction must certify that tax has been deducted and deposited and that the information is supported by relevant records. Full names and prescribed address details are required, and the deductee's permanent account number is mandatory where the deductee is resident.
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