A brief summary of amendments made in the provision of Income Tax Rules, 1962 relating to TDS and TCS

A brief summary of amendments made in the provision of Income Tax Rules, 1962 relating to TDS and TCS https://www.taxtmi.com/news?id=786 TDS and TCS procedures are revised to require electronic deposit-generally within one week of month end, or within two months if credited on the accounting year end-with specified quarterly payment exceptions permitted by the assessing officer; certificate issuance and credit on loss of certificate are allowed subject to an indemnity bond. Quarterly and annual TDS/TCS return procedures are consolidated, merging separate rules into a unified filing framework and updating Form 16/Form 16A formats. en-us Thu, 02 Apr 2009 12:53:18 +0530 Thu, 02 Apr 2009 12:53:18 +0530 TaxTMI RSS Generator A brief summary of amendments made in the provision of Income Tax Rules, 1962 relating to TDS and TCS https://www.taxtmi.com/news?id=786 TDS and TCS procedures are revised to require electronic deposit-generally within one week of month end, or within two months if credited on the accounting year end-with specified quarterly payment exceptions permitted by the assessing officer; certificate issuance and credit on loss of certificate are allowed subject to an indemnity bond. Quarterly and annual TDS/TCS return procedures are consolidated, merging separate rules into a unified filing framework and updating Form 16/Form 16A formats. News - Thu, 02 Apr 2009 12:53:18 +0530 https://www.taxtmi.com/news?id=786