provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing
of ‘statement of TDS’ (TDS return) vide Notification No.41/2010; SO No.1261(E) dated
31.05.2010. The amended rules will apply only in respect of tax deducted on or after 1st day of
Forms for TDS certificate have been revised to include the receipt number of the TDS
return filed by the deductor. Now the Tax-deduction Account Number (TAN) of the deductor,
Permanent Account Number (PAN) of the deductee, and Receipt number of TDS return filed by
the deductor will form the unique identification for allowing tax credit claimed by the taxpayer
in his income-tax return.
Government Authorities (Pay and Accounts Officer or Treasury Officer or Cheque
Drawing and Disbursing Officer) responsible for crediting tax deducted at source to the credit of
the Central Government by book-entry are now required to electronically file a monthly
statement in a new Form No. 24G containing details of credit of TDS to the agency authorised by
the Director General of Income-tax (Systems).
Due date for furnishing TDS return for the last quarter of the financial year has been
modified to 15th May (from earlier 15th June). The revised due dates for furnishing TDS return are
Date of ending of the quarter of the Financial Year
15th July of the Financial Year
15th October of the Financial Year
15th January of the Financial year
15the May of the Financial Year immediately following the Financial Year in which deduction is made
Due dates for issuing TDS certificates to the employees or deductees or payees are also revised as under:-
Periodicity of Furnishing TDS Certificate
Salary (Form 16)
By 31st day of May of the Financial Year immediately following the financial year in which the income was paid and tax deducted.
Non Salary (Form 16A)
With in 15 (Fifteen days) from the due date for furnishing the etds/tcs Statement.