The provisions of Rule 37BA allow a deductee to pass on the credit of tax deducted to next year or to another person. Such option shall not be available in the case of tax deducted under Section 194N.
The Ministry of Finance, in a notification dated September 28, announced that it has extended the deadline to link PAN with Aadhaar to December 31, 2019. Earlier this deadline was September 30, 2019.
Govt. plans rejig in personal tax - Th need for such a move by pointing out that the cut in corporate tax will help manufacturing companies.