Sections 197A

9 Amendments relating to TDS and TCS proposed in Budget 2015-16: Effective from June 01, 2015

TDSMAN21 mins

Given below are the list of changes applicable from 1st June, 2015 for TDS and TCS amendments: 1. Requirement for obtaining evidence/ particulars by employer for TDS-Section 192 2. TDS from premature withdrawal from Employees Provident Fund Scheme (EPFS)-Sections 192A and 197A 3. TDS from interest (other than interest on securities)-Section 194A 4. TDS from…

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Changes in Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in Budget 2015

TDSMAN113 mins

Several amendments have been proposed in the sections dealing with the deduction of tax at source. 1. Requirement for obtaining evidence/ particulars by employer for TDS-Section 192 1.1 Currently, the person responsible for paying salary has to depend upon the evidence/particulars furnished by the employee in respect of deductions, exemptions and set-off of loss claimed….

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