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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 ..... come-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 financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:- Table Sl. No. Quarter of the Financial Year ended on Date for quarterly payment (1) (2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... educted 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 ( 6th 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) Form No. 16A if the deduction is under any other provision of Chapter XVII-B. (2) The certificate referred to in sub-rule (1) shall specify:- (a) valid permanent account number (PAN) of the deductee; (b) valid tax deduction and collection account number (TAN) of the deductor; (c) (i) book identification number or numbers where deposit of tax deducted is without production of challan in case of an office of the Government; (ii)challan identification number or numbers in case of payment through bank. (d) (i) receipt number of the relevant quarterly statement of tax deducted at source which is furnished in ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 deposited and challan serial number given by the bank. Statement of deduction of tax under sub-section (3) of section 200. 31A. (1) Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), namely:- (a) Statement of deduction of tax under section 192 in Form No. 24Q; (b) Statement of deduction of tax under sections 193 to 196D in- (i) Form No. 27Q in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident; and (ii) Form No. 26Q in respect of all other deductees. (2) Statements referred to in sub-rule (1) for the quarter of the financial year ending with the date specified in column (2) of the Table below shall be furnished by the due date specified in the corresponding entry in column ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s rule and rule 37A shall apply as they stood immediately before their substitution or omission by the Income-tax (6th Amendment) Rules, 2010. Statement of collection of tax under proviso to sub-section (3) of section 206C. 31AA. (1) Every collector, shall, in accordance with the provisions of the proviso to sub-section (3) of section 206C, deliver, or cause to be delivered, to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), a quarterly statement in Form No. 27EQ. (2) Statements referred to in sub-rule (1) for the quarter of the financial year ending with the date specified in column (2) of the Table below shall be furnished by the due date specified in the corresponding entry in column (3) of the said Table:- Sl. No. Quarter of the financial year ended Due date (1) (2) (3) 1. 30th June 15th July of the financial year 2. 30th September 15th October of the financial year 3. 31st December 15th January of the financial year 4. 31st March 15th May of the financial year immediately following the financial year in which collection is made (3) (i) The statement referred to in sub-rule (1) may be f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of section 206C by an office of the Government shall be paid to the credit of the Central Government - (a) on the same day where the tax is so paid without production of an income-tax challan; and (b) on or before seven days from the end of the month in which the collection is made, where tax is paid accompanied by an income-tax challan. (2) All sums collected in accordance with the provisions of sub-section (1) or sub-section (1C) of section 206C by collectors other than an office of the Government shall be paid to the credit of the Central Government within one week from the last day of the month in which the collection is made. (3) In the case of an office of the Government, where tax has been paid to the credit of the Central Government without the production of a challan, the Pay and Accounts Officer or the Treasury Officer or the Cheque Drawing and Disbursing Officer or any other person by whatever name called to whom the collector reports the tax so collected and who is responsible for crediting such sum to the credit of the Central Government, shall- (a) submit a statement in Form No. 24G within ten days from the end of the month to the agency authorised by the Dire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s without production of challan in case of an office of the Government; (ii)challan identification number or numbers in case of payment through bank; (d) receipt number of the relevant quarterly statement of tax collected at source which is furnished in accordance with the provisions of rule 31AA. (3) The certificate in the Form No. 27D referred to in sub-rule (1) shall be furnished to the collectee within fifteen days from the due date for furnishing the statement of tax collected at source specified under sub-rule (2) of rule 31AA. (4) The collector may issue a duplicate certificate in Form No. 27D if the collectee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the collector. (5) Where a certificate is to be furnished for tax collected 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 (6th Amendment) Rules, 2010. "; (d) in Appendix-II,- (i) for Form. No. 16 and Form No.16A, the following Forms shall be substituted, na ..... X X X X Extracts X X X X X X X X Extracts X X X X
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