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    <title>Notification on TDS and TCS</title>
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    <description>The new Form 17 is prescribed for payment of TDS/TCS on or after 1st April 2009 while payments for TDS/TCS made before that date remain payable using Form 281. The dematerialisation scheme for TDS/TCS certificates is deferred to 1st April 2010. Rules will govern the manner of giving credit for TDS/TCS, effective 1st April 2008. Amendments clarify that failure to deduct or to pay deducted tax will render the person an assessee in default, with related explanatory substitutions given retrospective effect.</description>
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