« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately «  New cos Bill to provide stiffer penalties... Carrier Aircon wins excise case... » I-T form rules could prove troublesome to taxpayers July, 10th 2006 The latest income tax return Form 2F could unintentionally prove to be more of a hassle for taxpayers. While the form clearly states that no TDS certificate, proof of advance tax or self-assessment tax is required to be enclosed, there has been no concurrent change in the tax laws, which continue to require production of certificate for obtaining TDS credit.    The new form states that all documents and other evidences in support of the computation of the tax payable and the tax paid should be retained by the assessee for verification by the tax authorities, if necessary.    Tax experts, however, point out that despite the new form only requiring details of the TDS certificate rather than its physical attachment, the assessing officer could treat the return as defective if it was being processed for TDS credit.    Finance ministry officials said the new form did not require TDS certificate since the intention was to encourage taxpayers to file the returns in electronic format.