Form 26Q Will become Form 140 in New Income Tax Act,1961
What to be noted here is section code in new form 140
Reason
Earlier there is Section 194C and Section Code is 94C
Now this Section Divided in two part 393(1) [Table: Sl. No. 6 (i).D(a)] & 393(1) [Table: Sl. No. 6 (i).D(b)] having section Code 1023 and 1024 respectively for 1% and 2%
Same way where there are multiple rates in same section then there will be different section code for it
Earlier TDS Section were like 194A,194C,194H,194J etc now they will be like 393(1) [Table: Sl. No. 5], 393(1) [Table: Sl. No. 6], 393(1) [Table: Sl. No. 1] etc
