CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents https://www.taxtmi.com/news?id=28025 Amendments require employees to furnish particulars in Form No. 12BAA to their employers so employers can adjust TDS on salary after accounting for tax deducted or collected at source; additionally, rules permit credit of tax collected at source to a person other than the collectee when the collectee's income is assessable in that other person's hands, enabling parents to claim TCS credit of minors whose income is clubbed with theirs. en-us Thu, 17 Oct 2024 17:09:28 +0530 Thu, 17 Oct 2024 17:10:00 +0530 TaxTMI RSS Generator CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents https://www.taxtmi.com/news?id=28025 Amendments require employees to furnish particulars in Form No. 12BAA to their employers so employers can adjust TDS on salary after accounting for tax deducted or collected at source; additionally, rules permit credit of tax collected at source to a person other than the collectee when the collectee's income is assessable in that other person's hands, enabling parents to claim TCS credit of minors whose income is clubbed with theirs. News - Thu, 17 Oct 2024 17:09:28 +0530 https://www.taxtmi.com/news?id=28025