CBDT clarifies new TDS, TCS rules; hopes to end deductor's 'nightmare'
The Central Board of Direct Taxes (CBDT) had issued a new circular to clarify
amendments to the Tax Deduction at Source (TDS) and Tax Collected at Source
(TCS). While allowing the TDS and TCS to be filed electronically on a quarterly
basis, the board has permitted the deductors to issue TDS and TCS certificates
(Form 16, Form 16A and Form 27D) in the old or new substituted...
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