Quick Summary
The Government has proposed an amendment to Section 400(2) of the Income Tax Act, 2025 to make guidelines issued for TDS and TCS matters binding on both income-tax authorities and persons responsible for deduction or collection of tax. The amendment seeks to remove an unintended gap in the law and
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FAQ :
The new guidelines for TDS/TCS will become binding on tax authorities and deductors from 1 April 2026.
Section 400(2) of the Income Tax Act, 2025 is proposed to be amended.
The guidelines will be binding on income-tax authorities and persons responsible for deducting or collecting tax.
The purpose is to ensure uniform interpretation and application of TDS/TCS provisions, provide certainty to taxpayers, and reduce litigation.
Yes, this amendment aligns the new Income Tax Act, 2025 with the long-standing intent and practice under the Income Tax Act, 1961, where such guidelines were also binding.
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