TDS and TCS reporting framework consolidates certificate issuance, quarterly statements, digital authentication, virtual digital asset reporting, and superannuation disclosures. Rules 215 and 219 consolidate the framework for TDS/TCS certificates, quarterly statements, challan-cum-statements and electronic reporting. They ... Summary
TDS and TCS reporting framework consolidates certificate issuance, quarterly statements, digital authentication, virtual digital asset reporting, and superannuation disclosures.
Rules 215 and 219 consolidate the framework for TDS/TCS certificates, quarterly statements, challan-cum-statements and electronic reporting. They prescribe certificate and statement forms, certificate issuance timelines, quarterly filing dates, digital-signature safeguards, Challan Identification Number components and generation procedures. Specified deductions require Form 141 within 30 days of the month of deduction. Virtual digital asset exchanges undertaking tax payment in place of buyer TDS must file Form 142. Approved superannuation fund trustees must furnish a verified repayment statement within two months after the relevant tax year.
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