The CBDT has amended Rule 31AA to include a new clause (viii). The new clause requires the collector to furnish particulars of amount received or debited on which tax was not collected or tax was collected at a lower rate in view of any notification issued under section 206C(12). In addition, Rule 37-I has been amended which specifies conditions to allow the credit for the tax collected at source to other person and not to the collectee.
[Notification No.114/2024/F.No.370142/21/2024-TPL dated 16.10.2024]
