Tax Collection at Source reporting requires party-wise disclosure and grants credit to account holder for tax collected and paid. Amendments require authorised dealers and collectors to furnish party-wise particulars where tax under section 206C was not collected or collected at altered rates, replace Form 27EQ Annexure with a detailed party-wise TCS break up including collection codes and reasons for non-collection, add dividend to specified items in rule 37BC, omit certain subsection references in rule 37CA, and provide that credit for tax collected at source is given to the person from whose account tax is collected and paid for the relevant assessment year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax Collection at Source reporting requires party-wise disclosure and grants credit to account holder for tax collected and paid.
Amendments require authorised dealers and collectors to furnish party-wise particulars where tax under section 206C was not collected or collected at altered rates, replace Form 27EQ Annexure with a detailed party-wise TCS break up including collection codes and reasons for non-collection, add dividend to specified items in rule 37BC, omit certain subsection references in rule 37CA, and provide that credit for tax collected at source is given to the person from whose account tax is collected and paid for the relevant assessment year.
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