https://www.taxtmi.com/news?id=17378 The Budget strengthens compliance by imposing a penalty on professionals who furnish incorrect reports, tightens TDS/TCS rules including mandatory PAN disclosure and higher collection for non submission, grants CBDT authority to alleviate TDS/TCS penalty hardships, and restricts large cash receipts with exceptions and penalties; it also provides tax incentives and procedural changes including concessional tax for carbon credit income, relief fund exemptions, lowered withholding for call centre operators, interest on excess TDS refunds with a late filing fee, merger of advance ruling authorities, NPS parity for self employed contributors, and conversion neutrality for preference shares. en-us Wed, 01 Feb 2017 14:15:22 +0530 Wed, 01 Feb 2017 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17378 The Budget strengthens compliance by imposing a penalty on professionals who furnish incorrect reports, tightens TDS/TCS rules including mandatory PAN disclosure and higher collection for non submission, grants CBDT authority to alleviate TDS/TCS penalty hardships, and restricts large cash receipts with exceptions and penalties; it also provides tax incentives and procedural changes including concessional tax for carbon credit income, relief fund exemptions, lowered withholding for call centre operators, interest on excess TDS refunds with a late filing fee, merger of advance ruling authorities, NPS parity for self employed contributors, and conversion neutrality for preference shares. News - Wed, 01 Feb 2017 14:15:22 +0530 https://www.taxtmi.com/news?id=17378