https://www.taxtmi.com/notifications?id=119815 Procedure requires furnishing and verification of Form 27BA to avoid assessee-in-default treatment for short collection or non-collection where the buyer has filed return, included the amount in income and paid tax, supported by an accountant's certificate. Collectors obtain transaction identifiers via TRACES, authorize and transmit identifiers to a registered accountant who completes Annexure A on the e-filing portal; the collector then digitally submits Form 27BA. TRACES reprocesses statements, recalculates short-collection and late collection interest, and the collector must pay the modified interest prior to submission where applicable. en-us Thu, 08 Dec 2016 00:00:00 +0530 Fri, 09 Dec 2016 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119815 Procedure requires furnishing and verification of Form 27BA to avoid assessee-in-default treatment for short collection or non-collection where the buyer has filed return, included the amount in income and paid tax, supported by an accountant's certificate. Collectors obtain transaction identifiers via TRACES, authorize and transmit identifiers to a registered accountant who completes Annexure A on the e-filing portal; the collector then digitally submits Form 27BA. TRACES reprocesses statements, recalculates short-collection and late collection interest, and the collector must pay the modified interest prior to submission where applicable. Notifications Income Tax Thu, 08 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119815