Likewise, a person can make TDS payment through online mode where the user has a net-banking facility/debit card, and his bank provides an e-payment facility.
The partnership firms, Limited Liability Partnerships, companies, or any other organisation or individual cannot claim the tax exemption prescribed under section 54.
These rules came to effect on January 25, 2021, after the suggestions were received from the public in respect of the draft rules notified in this regard on October 19, 2021.