New TDS provisions for banks: Clarificatory circular soon, says CBDT chairman Nitin Gupta
New TDS provisions for banks: CBDT Chairman Nitin Gupta said the board, which frames policies for the Income-Tax department, will issue an official explainer on the subject, including the "pressing" issue of one-time settlement (OTS) being faced by the banks.
Nitin Gupta said all issues on the canvass of section 194R of the Income Tax Act will be addressed as part of the forthcoming circular. Pic: twitter.com/incometaxdelhi