Provisions regarding tax deduction at source introduced by the Finance Act, 1995--Clarification regarding

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....ce by amending sections 194A and 194C of the Income-tax Act, 1961, and by inserting sections 194J and 194K in the Act. As a result of these changes, deduction of tax at source is also required to be made from :_ (i) payments of Rs. 20,000 and above made by way of fees for professional and technical services ; (ii) payments in pursuance of contracts of Rs. 20,000 and above for advertising, broadc....

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....ssary amendments in the Rules and Statutory Forms have been carried out. These rules/forms primarily pertain to deduction of tax at lower rate, non-deduction of tax, filing of declaration by a person to the payer, payment of tax to the Government by the deductors, and filing of annual returns, etc. The details of forms amended or inserted in the Income-tax Rules, in this behalf, are indicated belo....