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    Jun 3, 2010

    CBDT AMENED TDS RULES

    No.402/92/2006-MC (27 of 2010)
    Government of India / Ministry of Finance
    Department of Revenue
    Central Board of Direct Taxes
    ***
    New Delhi the 2nd June 2010
    PRESS RELEASE
    The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS
    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
    April 2010.
    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



    Sr. No.
    Date of ending of the quarter of the Financial Year
    Due Dates
    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
    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:-


    Sr. No.
    Category
    Periodicity of Furnishing TDS Certificate
    Due Dates
    1.
    Salary (Form 16)
    Annual
    By 31st day of May of the Financial Year immediately following the financial year in which the income was paid and tax deducted.
    2.
    Non Salary (Form 16A)
    Quarterly
    With in 15 (Fifteen days) from the due date for furnishing the etds/tcs Statement.

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