« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  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.