Daily Archives: May 22, 2015

Furnishing of information made more stringent and penalty introduced -Sections 195 and 271-I

Presently, when any person responsible for making a payment to a non-resident of any interest or other sum chargeable under the provisions of this Act, such person is required to… Read more »

Amendment relating to processing of TCS returns -Section 206CB w.e.f. June 01, 2015

A new Section 206CB is proposed to be introduced to facilitate the processing of TCS (tax collected at source) statements on the same lines as TDS statements. Section 206CB(1) permits… Read more »