The new form will enable employees to provide information about TCS and TDS from other sources. (AI image) CBDT has introduced a new form that allows employees to inform their employers about Tax ...
This resulted in higher tax deductions by employers from salary payments and cash flow issues for employees,” said Mitesh Jain, partner, Economic Laws Practice. By informing employers about the TCS ...
Form 12BAA: The Central Board of Direct Taxes (CBDT) has introduced a new form — Form 12BAA, a move aligned with the Budget 2024 announcements. This form will allow employees to report tax deductions ...
On 15th October 2024, eight independent hire companies formed a new trade association known as ‘Hire United’. The inaugural meeting in Towcester marked the establishment of a collective aimed ...
The amendments also enable parents to claim TCS credit for minors. Starting from the next financial year, employees with income from sources other than salaries will need to submit a new Form 12BAA.