Tag: Section 285BB

New Form 26AS will desist those taxpayers who inadvertently conceal financial transactions in returns   Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes   New Delhi, 18th July, 2020   PRESS RELEASE New Form 26AS is the Faceless hand-holding of the Taxpayers   The new …

CBDT notifies Form of Annual Information Statement u/s 285BB by inserting rule 114-I. This will replace the existing Form 26AS of TDS/TCS The Finance Act 2020, in order to extend the scope of Form 26AS beyond the information about tax deducted, inserted a new section 285BB regarding Annual …