Amendment expands tax deduction scope for salaried employees, allowing credit for TCS/TDS paid under certain chapters, easing compliance. https://www.taxtmi.com/highlights?id=79960 Income Tax: Proposed amendment to sub-section (2B) of section 192 to expand its scope to include tax deducted/collected under Chapter XVII-B or Chapter XVII-BB for computing deduction of tax on salary income, easing compliance and avoiding cash flow issues for salaried employees by allowing credit for TCS/TDS paid. The amendment will take effect from October 1, 2024. en-us Tue, 30 Jul 2024 21:46:32 +0530 Tue, 30 Jul 2024 21:46:32 +0530 TaxTMI RSS Generator Amendment expands tax deduction scope for salaried employees, allowing credit for TCS/TDS paid under certain chapters, easing compliance. https://www.taxtmi.com/highlights?id=79960 Income Tax: Proposed amendment to sub-section (2B) of section 192 to expand its scope to include tax deducted/collected under Chapter XVII-B or Chapter XVII-BB for computing deduction of tax on salary income, easing compliance and avoiding cash flow issues for salaried employees by allowing credit for TCS/TDS paid. The amendment will take effect from October 1, 2024. Highlights Bill Tue, 30 Jul 2024 21:46:32 +0530 https://www.taxtmi.com/highlights?id=79960