Tax collected at source: credit can be assigned by collectee to another person, with declaration and reporting required. Amendments require furnishing particulars where tax was not collected or collected at a lower rate due to a notification under the TCS provision, and add a rule that when a collectee's income is assessable in another person's hands the tax credit shall be given to that other person; the collectee must file a declaration with details and reasons, the collector must report and issue the TCS certificate in that person's name and retain the declaration, and Form 27EQ gains Note 8A to indicate such cases with code 'J'.
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 collected at source: credit can be assigned by collectee to another person, with declaration and reporting required.
Amendments require furnishing particulars where tax was not collected or collected at a lower rate due to a notification under the TCS provision, and add a rule that when a collectee's income is assessable in another person's hands the tax credit shall be given to that other person; the collectee must file a declaration with details and reasons, the collector must report and issue the TCS certificate in that person's name and retain the declaration, and Form 27EQ gains Note 8A to indicate such cases with code "J".
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