Thursday, July 9, 2020

Income Tax (16th Amendment) Rules, 2020: CBDT amends rule 31A and Form No. 26Q from July 3, 2020 [Read Notification]

The Central Board of Direct Taxes (CBDT) on Monday, mandates providing certain information relating to cash withdrawals under section 194N in Form No. 26Q. The Board also mandates that details of interest liable to TDS under section 194A be mentioned even where tax is not deducted or deducted at a lower rate. The Board seeks […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3iQGJi3

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