Specified person exclusion: amendment exempts those not required to file returns from higher TDS/TCS consequences, effective April. The definition of specified person for higher TDS/TCS is amended to exclude any person who is not required to furnish a return for the relevant assessment ... Summary
Specified person exclusion: amendment exempts those not required to file returns from higher TDS/TCS consequences, effective April.
The definition of specified person for higher TDS/TCS is amended to exclude any person who is not required to furnish a return for the relevant assessment year and who is notified by the Central Government in the Official Gazette, thereby relieving persons not required to file from the special higher withholding regime.
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