Rushab R Jain & Co.

The functionality of furnishing the foreign remittance details in Form 15CA will be discontinued with effect from February 12, 2014 from TIN(Tax Information Network) portal i.e. www.tin-nsdl.com.

With effect from such date, the said facility will be available on the e-filing portal of Income Tax Department (ITD) www.incometaxindiaefiling.gov.in.

The Instructions to file is attached herewith

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TDS Provision made stringent Presently, any taxpayer who is required to deduct tax is required to furnish a quarterly TDS/TCS Statement within the prescribed time-limit mentioned in section 200(3) or 206C(3). Currently, under section 272A(2) a penalty of Rs.100 for each day of delay may be levied where the tax-payer fails to fu...