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TMI BlogIncome-tax (Sixth Amendment) Rules, 2010 - Changes in TDS provisionsX X X X Extracts X X X X X X X X Extracts X X X X ..... shall be paid to the credit of the Central Government - (a) on the same day where the tax is paid without production of an income-tax challan; and (b) on or before seven days from the end of the month in which the deduction is made or income-tax is due under sub-section (1A) of section 192 , where tax is paid accompanied by an income-tax challan. (2) All sums deducted in accordance with the provisions of Chapter XVII-B by deductors other than an office of the Government shall be paid to the credit of the Central Government - (a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and (b) in any other case, on or before seven days from the end of the month in which- (i) the deduction is made; or (ii) income-tax is due under sub-section (1A) of section 192 . (3) Notwithstanding anything contained in sub-rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le 125 , the amount deducted shall be electronically remitted into the Reserve Bank of India or the State Bank of India or any authorised bank accompanied by an electronic income-tax challan. (7) For the purpose of this rule , the amount shall be construed as electronically remitted to the Reserve Bank of India or to the State Bank of India or to 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) debit card. (8) Where tax is deducted before the 1st day of April, 2010, the provisions of this rule shall apply as they stood immediately before their substitution by the Income-tax ( 6 th Amendment) Rules, 2010 . Certificate of tax deducted at source to be furnished under section 203 . 31. (1) The certificate of deduction of tax at source by any person in accordance with Chapter XVII-B or the certificate of payment of tax by the employer on behalf of the employee under sub-section (1A) of section 192 shall be in- (a) Form No. 16 , if the deduction or payment of tax is under section 192 ; and (b) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate certificate and such duplicate certificate is certified as duplicate by the deductor. (6) (i) Where a certificate is to be furnished in Form No. 16 , the deductor may, at his option, use digital signatures to authenticate such certificates. (ii) In case of certificates issued under clause (i), the deductor shall ensure that- (a)the provisions of sub-rule (2) are complied with; (b)once the certificate is digitally signed, the contents of the certificates are not amenable to change; and (c)the certificates have a control number and a log of such certificates is maintained by the deductor. (7) Where a certificate is to be furnished for tax deducted before the 1st day of April, 2010, it shall be furnished in the Form in accordance with the provisions of the rules as they stood immediately before their substitution by the Income-tax (6 th Amendment) Rules, 2010 . Explanation.- For the purpose of this rule and rule 37D , challan identification number means the number comprising the Basic Statistical Returns (BSR)Code of the Bank branch where the tax has been deposited, the date on which the tax has been deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he deductor is a person who is required to get his accounts audited under section 44AB in the immediately preceding financial year; or (d) the number of deductee's records in a statement for any quarter of the financial year are twenty or more, the deductor shall furnish the statement in the manner specified in item (b) of clause (i). (iii) Where deductor is a person other than the person referred to in clause (ii), the statements referred to in sub-rule (1) may, at his option, be delivered or cause to be delivered in the manner specified in item (b) of clause (i). (4) The deductor at the time of preparing statements of tax deducted shall,- (i) quote his tax deduction and collection account number (TAN) in the statement; (ii) quote his permanent account number (PAN) in the statement except in the case where the deductor is an office of the Government; (iii) quote the permanent account number of all deductees; (iv) furnish particulars of the tax paid to the Central Government including book identification number or challan identification number, as the case may be. (5) The Director General of In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... officer of a company; or (c) the collector is a person who is required to get his accounts audited under section 44AB in the immediately preceding financial year; (d)the number of collectee's records in a statement for any quarter of the financial year are twenty or more, the collector shall furnish the statement in the manner specified in item (b) of clause (i). (iii) Where the collector is a person other than the person referred to in clause (ii), the statement referred to in sub-rule (1) may, at his option, be delivered or cause to be delivered in the manner specified in item (b) of clause (i). (4)The collector at the time of preparing statements of tax collected shall,- (i) quote his tax deduction and collection account number (TAN) in the statement; (ii) quote his permanent account number (PAN) in the statement except in the case where the collector is an office of the Government; (iii) quote the permanent account number of all collectees; (iv) furnish particulars of the tax paid to the Central Government including book identification number or challan identification number, as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llectors in respect of whom the sum collected has been credited. (4) For the purpose of sub-rule (3), the Director General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture and transmission of data, and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner so specified. (5) (i) Where tax has been deposited accompanied by an income-tax challan, the tax collected under sub-section (1) or sub-section (1C) of section 206C shall be deposited to the credit of the Central Government by remitting it within the time specified in clause (b) of sub-rule (1) or in sub-rule (2) into any branch of the Reserve Bank of India or of the State Bank of India or of any authorised bank. (ii) Where tax is to be deposited in accordance with clause (i), by persons referred to in sub-rule (1) of rule 125 , the amount collected shall be electronically remitted into the Reserve Bank of India or the State Bank of India or any authorised bank accompanied by an electronic income-tax challan. (6) For the purpose of this rule, the amount shall be construed as electronically remi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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