Tag: PAN

Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return

The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or proof in Form 12BB  to… Read more »

Budget 2017 – Changes in TCS Provisions

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1.Restriction on cash transactions It is also proposed to consequentially amend the provisions of section 206C to omit the provision relating to tax collection at source at the rate of… Read more »