Thursday, February 21, 2013

INCOME TAX - Changes in TDS Rules:


NOTIFICATIONNO.11/2013[F.NO.142/31/2012-SO(TPL)]/SO 410(E), DATED 19-2-2013)

Certain changes are brought with regard to the compliance to be made in respect of TDS and TCS, namely:-

++  TDS forms 24Q, 26Q and 27Q can be filed using Digital Signature (optional)

++  Deductor can file statement in the new Form 26B to claim refund of TDS paid.

++   New TDS forms (form 15G, 15H, 16,16A, etc.) introduced