I-T dept amends TDS form, makes it more comprehensive
(WorldNews Environment)

NEW DELHI: The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. As per the amended form, banks will also have to report (TDS) for cash withdrawals above Rs 1 crore. Through a notification, the Central Board of Direct Taxes (CBDT) has amended to include TDS on...