https://www.taxtmi.com/forum/issue?id=108123 Proposed amendments strengthen TDS/TCS compliance by enabling processing of TDS statements to compute late filing fees under section 234E, introducing parallel processing and correction statements for TCS, and treating TCS intimations as equivalent to TDS intimations for rectification, appeal and deemed demand while avoiding duplicate interest charges. They mandate verified reporting by officials who credit book entry payments and impose daily penalties for non filing, require DDOs to obtain prescribed evidence for salary deductions, and require payers to furnish information for remittances to non residents with a monetary penalty for non submission, effective 1 June 2015. en-us Sat, 28 Feb 2015 20:22:03 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108123 Proposed amendments strengthen TDS/TCS compliance by enabling processing of TDS statements to compute late filing fees under section 234E, introducing parallel processing and correction statements for TCS, and treating TCS intimations as equivalent to TDS intimations for rectification, appeal and deemed demand while avoiding duplicate interest charges. They mandate verified reporting by officials who credit book entry payments and impose daily penalties for non filing, require DDOs to obtain prescribed evidence for salary deductions, and require payers to furnish information for remittances to non residents with a monetary penalty for non submission, effective 1 June 2015. Discussion-Forum Income Tax Sat, 28 Feb 2015 20:22:03 +0530 https://www.taxtmi.com/forum/issue?id=108123