- TG Team
- | Income Tax - News |
- 27 Feb 2010
- 649 Views
- 0 comment
The existing provisions of section 203(3) of the Income-tax Act dispense with the requirement of furnishing of TDS certificates by the deductor to the deductee on or after 1st April, 2010. Similarly, under section 206C(5) of the Act, a collector of tax at source will also not be required to issue tax collection certificate to the person from whom tax has been collected on or after 1st April, 2010.
Considering the fact that the TDS/TCS certificate constitutes an important document for the deductee/collectee, it is proposed that the deductor/collector will continue to furnish TDS/TCS certificates to the deductee/collectee even after 1st April, 2010 .
These amendments are proposed to take effect retrospectively from 1st April, 2010.
Tags: Budget, Budget 2010, finance minister, Goods And Services Tax, GST, increase in excise duty, India Budget 2010, India budget 2010-11, India budget.nic.in, Indian budget 2010, indirect tax changes, Inflation, Payment of Gratuity Act 1972, tax rate changes, TDS Certificate
Kindly Refer to Privacy Policy & Complete Terms of Use and Disclaimer.
Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Telegram
GROUP LINK
More Under Income Tax
Latest Posts
- Demystifying Patent and Compulsory Licensing in Saudi Arabia: A Comprehensive Guide to Patent and Compulsory Licensing
- Patents Act vs. Competition Act: Landmark Decision Reshapes Legal Landscape
- Deadline Alert: Update Mutual Fund Folio Nominations by September 30
- GST Section 161: Rectification of Errors Demystified
- Sufficient Opening Cash Balance: Demonetization Cash Deposit Addition Deleted
- Demonetization Cash Deposits: Not Unexplained Money with Established Cash Sales History
- Karnataka VAT Act: Taxation of Dog and Cat Feed
- ITAT Directs AO to Accept 50% Demonetized Currency as Sale Proceeds
- Rejection of Entire Books Unwarranted for Stock Valuation Error: ITAT Surat
- Kerala HC Quashes Section 148A Notice/order passed Without Opportunity for Hearing
Popular Posts
- Auditor fined Rs.1,00,000/- for non-filing of ADT-3 for resignation
- Decoding Form 10B & 10BB for Charitable & Educational Institutions
- CBI Arrests Chartered Accountant for Rs. 50,000 Bribe
- CBDT Extends Filing Deadlines for Form 10B, 10BB, and ITR-7
- Presumptive Taxation Scheme for Business Section 44AD of Income Tax Act
Featured Posts
- Is It Permissible to Use Third Party Trademark as Meta-Tags?
- Auditor fined Rs.1,00,000/- for non-filing of ADT-3 for resignation
- Advisory on Issue of B2B e-Invoices for Government Supplies
- Collaborative Excellence: Strengthening Client Relations with CA-TDSMAN
- Understanding Section 44ADA: Presumptive Tax for Professionals