TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Rules Updated: Changes to Rule 31AA, Rule 37-I, and Form 27EQ for Tax Collection and Reporting.</h1> The Income-tax (Ninth Amendment) Rules, 2024, effective upon publication in the Official Gazette, introduce changes to the Income-tax Rules, 1962. Key amendments include modifications to rule 31AA, updating references to provisos in clauses (vi) and (vii), and adding clause (viii) to report amounts where tax was not collected or collected at a lower rate. Rule 37-I is amended to specify tax credit allocation when income is assessable to a person other than the collectee, requiring a declaration and reporting by the collector. Form No. 27EQ is updated to include a new note for lower or no tax collection under section 206C(12).
TaxTMI 
TaxTMI 
