The Income-tax (17th Amendment) Rules, 2021

The Central Board of Direct Taxes through notification dated 8th June, 2021 has issued the Income-tax (17th Amendment) Rules, 2021. The amendment has revised the break up for following forms:

1. Deductee/payee wise break up of TDS for Form 26Q; In relation to section 206CCA, the changes shall come into effect from 1st July, 2021.
2. Party wise break-up of TC for Form 27EQ; In relation to section 206CCA, the changes shall come into effect from 1st July, 2021.
3. Deductee wise break up of TDS for Form 27Q); In relation to section 206AB, the changes shall come into effect from 1st July, 2021.