Income-tax rules amended to standardize self-assessment tax reporting and require bank account details for refunds. Amendment to Income-tax Rules, 1962 revises Appendix II forms to substitute item entries for Self Assessment Tax (distinguishing payments made on or before 31 May 2004 and after), standardizes codes for return items, amends Schedule G to require challan/BSR/branch details for self-assessment tax, mandates bank-account particulars in Schedule H for refund cases, and replaces Schedule J to detail tax on distributed profits including additional tax, surcharge, interest and balance computations.
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Income-tax rules amended to standardize self-assessment tax reporting and require bank account details for refunds.
Amendment to Income-tax Rules, 1962 revises Appendix II forms to substitute item entries for Self Assessment Tax (distinguishing payments made on or before 31 May 2004 and after), standardizes codes for return items, amends Schedule G to require challan/BSR/branch details for self-assessment tax, mandates bank-account particulars in Schedule H for refund cases, and replaces Schedule J to detail tax on distributed profits including additional tax, surcharge, interest and balance computations.
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