https://www.taxtmi.com/circulars?id=5035 Section 194EE mandates deduction of tax at source at twenty per cent on payments falling under clause (a) of sub section (2) of section 80CCA (notably NSS withdrawals), with a twelve percent surcharge on such tax. Exemptions include payments below the two thousand five hundred rupee threshold in a financial year, payments to heirs of a deceased depositor, and where an individual resident furnishes Form No.15-I declaring nil tax. Deductors must remit deducted tax timely, issue Form No.16A, obtain and quote a TAN, file annual returns of deduction, and comply with prescribed penalties and interest for defaults. en-us Fri, 22 Nov 1991 00:00:00 +0530 Sat, 22 Jun 2024 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5035 Section 194EE mandates deduction of tax at source at twenty per cent on payments falling under clause (a) of sub section (2) of section 80CCA (notably NSS withdrawals), with a twelve percent surcharge on such tax. Exemptions include payments below the two thousand five hundred rupee threshold in a financial year, payments to heirs of a deceased depositor, and where an individual resident furnishes Form No.15-I declaring nil tax. Deductors must remit deducted tax timely, issue Form No.16A, obtain and quote a TAN, file annual returns of deduction, and comply with prescribed penalties and interest for defaults. Circulars Income Tax Fri, 22 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5035