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TMI BlogAmendment in procedural compliances related to TDS (w.e.f. 01.04.2010)X X X X Extracts X X X X X X X X Extracts X X X X ..... Amendment in procedural compliances related to TDS (w.e.f. 01.04.2010) X X X X Extracts X X X X X X X X Extracts X X X X ..... ril 2010and applies to tax deducted on or after 1st April 2010. * The procedural part for tax deducted upto 31st March 2010 will be governed by the earlier rules/provisions. * Major highlights are: * Time limit for deposit of TDS for the entire month of March will be 30th April instead of two separate dates i.e. 7th April for TDS up to 30th March and 31st may for TDS deducted as on 31st M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arch. * Non-salary TDS certificates shall be issued on quarterly basis instead of monthly or annual basis. * Time limit for filing of quarterly TDS return for the last quarter (i.e. ending with 31st March) has been advanced by one month to 15th May instead of 15th June. B. Time Limit for TDS deposit Particulars Earlier provision New provision TDS deducted on 31st March 31st May ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 30th April TDS deducted from 1st March to 30th March 7th April 30th April Other cases Within one week from end of the month of tax deduction Within one week from end of the month of tax deduction C. Time limit for issuance of TDS Certificate Particulars Earlier provision Frequency Time limit New provision Frequency Time limit Form 16- Salary Annual 30th April Annual 31 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st May Form 16A- Other than Salary Monthly With in one month from end of the month Quarterly Within 15 days from the due date of quarterly TDS return Annual Within one month from close of Financial Year Notes: * Now, address of TDS Tax Authority is required to be disclosed in Form 16 & 16A. * Form 16AA (which was applicable where salary income was less than Rs. 1.50 lacs) has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been discontinued as it was not relevant after increase of basic exemption limit up to Rs. 1.60 lacs. * Facility of issuing annual consolidated certificate (in cases other than salary), at the request of deductee, has been withdrawn. D. Time limit for filing of quarterly TDS return Quarter ended on Earlier provision New provision 30th June 15th July 15th July 30th September 15th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... October 15th October 31st December 15th January 15th January 31st March 15th June 15th May E. Provisions not affected * There is no change in the form of payment of TDS i.e. Challan No. ITNS 281 will remain the same. * Mode of payment of TDS by Companies is same i.e. mandatorily by electronic mode. * Forms of quarterly statements of TDS i.e. Form 24Q (Salary TDS), Form 26Q ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Other than salary TDS) and Form 27Q (for non residents/not ordinarily resident deductees) will remains the same. X X X X Extracts X X X X X X X X Extracts X X X X
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