« Top Headlines » Open DEMAT Account in 24 hrs  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible «  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.