<h1>New Guidelines Issued for Reporting TDS Transactions When Payments Exceed Threshold in Later Quarters.</h1> The Directorate of Income Tax - Systems has issued guidelines for reporting TDS transactions where payments initially do not exceed the threshold limit but do so in subsequent quarters. Deductors should use the 'Threshold flag' to report zero tax deduction in initial quarters when the threshold isn't met. The rate of deduction and tax deducted should be zero. Once the threshold is exceeded in later quarters, the prescribed rate of deduction should be applied, and the tax should be deducted and reported accordingly. This applies to specific section codes like 193, 194, 194A, among others.