The Central Board of Direct Taxes (CBDT) has notified new Form 12BAA, which is to be submitted to the employer deducting tax on salary income. This new form incorporates the amendments brought by the Finance (No. 2) Act, 2024, permitting the credit of all taxes deducted or collected in the employee’s name.
[No. 112/2024/F. No. 370142/19/2024-TPL 15.10.2024]
