TDS Crediting Form 71, New Electronic Application from CBDT | Tax Professional Blogs | Scoop.it

In compliance with the (Income Tax) Rules, 1962, the CBDT department is providing a new computerised application Form 71 for the purpose of crediting TDS. Examine the most notable aspect under notice number G.S.R. 637(E), to credit Tax Deduction at Source (TDS) by modifying the Income Tax Rules, 1962. The Income-tax (Twentieth Amendment) Rules, 2023, are a set of regulations that will take effect on October 1st, 2023.