WebJun 26, 2024 · With the advent of sections 206AB & 206CCA, it is quite obvious that it can lead to extra compliance burden of tax deductors & collectors. Further, to ease this compliance burden, the CBDT vide Circular No. 11 of 2024 F. No. 3701331712024-TPL dtd. 21 st June, 2024. has come up with a new functionality which is named as … WebJun 25, 2024 · CBDT has vide its Circular No. 11/2024 dated 21.6.2024 (F. No. 3701331712024-TPL) clarified that for the purposes of Section 206AB and Section 206CCA, LIST AS AT THE BEGINNING of financial year 2024-22 needs to be checked from Income Tax Portal (“Compliance Check for Sections 206AB & 206CCA”) as regards ‘specified …
Compliance Check for Sec 206AB & 206CCA - CBDT Circular
WebJul 28, 2024 · CBDT’s tool to check compliance. To help the taxpayers of TDS and TCS to follow the Compliances of these sections, the IT Department has introduced a new “Compliance Check Functionality for Section 206AB and 206CCA”. This new tool enables the tax deductors / collectors to verify the specified person as defined in the Finance Act, … WebJun 15, 2024 · Verbatim reproduction of Section 206AB with certain emphasis –. (1) Notwithstanding anything contained in any other provisions of this Act, where tax is required to be deducted at source under the provisions of Chapter XVIIB, other than section 192, 192A, 194B, 194BB, 194LBC or 194N on any sum or income or amount paid, or payable … microsoft security essentials auto update
Section 206AB and 206CCA – Tax Deduction or Collection …
WebJun 14, 2024 · 6. Sec 194N – TDS on Payment of a certain amount in cash. Section 206AB & 206CCA is not only applicable to Section 194Q & 206C (1H) but to all TDS & TCS sections except Sec 192, 192A, 194B, 194BB, 194LBC, 194N. Ø Implementation of Sec 194Q, 206C (1H), 206AB, 206CCA. Understanding all four provisions & their … WebMay 19, 2024 · The Central Board of Direct Taxes (CBDT) vide Circular no. 11/2024, dated 21-06-2024, had issued a new functionality ‘Compliance Check for Sections 206AB & … WebJun 22, 2024 · New functionality issued on reporting portal for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors.Live … microsoft security essentials for mac