News & Media 21st Oct 2024

CBDT issues new form to give details on ‘other taxes’ paid by employees

Authors

Mitesh Jain Partner | Mumbai

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The Central Board of Direct Taxes (CBDT) has introduced Form 12BAA for reporting non-salary income and providing details of tax collected at source (TCS). In line with the provisions of Union Budget 2024, the form will enable people to inform their employers about already deducted tax from non-salary sources.

Against this backdrop, our Partner Mitesh Jain has been quoted in an article “CBDT issues new form to give details on ‘other taxes’ paid by employees” authored by Ayush Mishra from Business Standard.

Read the article here

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