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TMI BlogIncome-tax (8th Amendment) Rules, 2009 - Time and mode of payment of tax deducted at source or tax paid (TDS) and tax collected at source (TCS) and issue of Certificate of tax deducted at source or tax paid (TDS) and TCSX X X X Extracts X X X X X X X X Extracts X X X X ..... NT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 31/2009 Dated: March 25, 2009 S.O. (E) - In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (8th Amendment) Rules, 2009. (2) They shall come into force on the 1st day of April, 2009. 2. In the Income-tax Rules, 1962,- (a) for rules 30, 31, 31A and 31AA, the following rules shall be substituted, namely:- "Time and mode of payment to Government account of tax deducted at source or tax paid under Chapter XVII-B 30.(1) All sums deducted in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Reserve Bank of India, State Bank of India or any authorised bank. (5) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of- (a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or (b) credit or debit card. Certificate of tax deducted at source or tax paid under sub-section (1A) of section 192 31.(1) The certificate of deduction of tax at source or, the certificate of payment of tax by the employer on behalf of the employee, under section 203 shall be in- (a) Form No.16 if the deduction or, payment of tax, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the deductor. (4) The Assessing Officer, before giving credit for the tax deducted at source on the basis of duplicate certificate referred to in sub-rule (3), shall- (a) obtain an Indemnity Bond from the deductee; and (b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner. Quarterly statement of deduction of tax or collection of tax 31A.(1) Every person who has been allotted a tax deduction and collection account number under section 203A shall deliver, or cause to be delivered the following quarterly statements; namely:- (a) the TDS Compliance Statement in Form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yment to Government account of tax collected at source under Chapter XVII-BB 37CA. (1) All sums collected in accordance with the provisions of Chapter XVII-BB shall be paid to the credit of the Central Government within one week from the end of the month in which the collection is made. (2) The person responsible for making collection under Chapter XVII-BB shall, within the time specified in sub-rule (1),- (a) electronically furnish an income-tax challan in Form No.17; and (b) pay the amount so collected to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank. (3) For the purposes of this rule, the amount shall be construed as electronically ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No.16AA, the following forms shall be substituted, namely:- Form 16 Form 16A Form 17 (e) after form 24, the following form shall be inserted namely: - Form 24C (f) in form 24Q, for Annexure 1, the following Annexure 1 shall be substituted Annexure 1 (g) in form 26Q - (i) for words, figures and letters "see section 193, 194, 194A, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194-I, 194j, 194LA and rule 31A", the words, figures and letter and brackets "see rule 31A(1)(c)(ii)", shall be substituted (ii) for the annexure, the following annexure shall be substituted: Annexure (h) for form 27Q - (i) for words, figures and letters ..... X X X X Extracts X X X X X X X X Extracts X X X X
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