CBDT notifies Amendment in TDS & TCS Rules and TDS/TCS Return Forms
Central Board of Direct Taxes has notified amendment in TDS Rules and Forms vide Notification Number 71/2021 dated 8th June 2021.
Amendment has been made in Rule 31A, wherein the scope of details to be provided has become wide where the amount has been paid or credited but TDS has not been deducted due to certain exemptions.
Amendment has been made in Form 26A which is a form for furnishing accountant certificate under the first proviso to sub-section (1) of section 201 of the Income-tax Act, 1961.
Form 26EQ i.e. TCS Return Statement has been amended so as to incorporate transactions related to section 206CCA.
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