Claiming of TCS Credit [ Section 206C(4) ]

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e amount has been collected and credit shall be given to such person [or any other person eligible for credit Inserted w.e.f. 01.01.2025 vide Finance (No.2) Act, 2024] for the amount so collected in a particular assessment year in accordance with the rules as may be prescribed by the Board from time to time. [Section 206C(4)] * CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... than the collectee, the credit for the tax collected at source, shall be given to such other person and not to the collectee: * Provided that the collectee shall file a declaration with the collector and the collector shall report the tax collection in the name of the other person in the information relating to collection of tax referred to in rule 37-I(1). * (b) The declaration filed by the ....