Change in TDS rules effective from 01-11-2011

Income tax department has amend some TDS rules which will be effective from 01-11-2011. Income tax department has issued a notification regarding this issue. In this notification income tax department amend rules which are as follows.
extending the time limit of submission of TDS statements by the Government deductors in view of filing of Form No.24G by them

compulsory uploading of particulars of amount paid without deduction of tax in view of furnishing of declaration under section 197A

 enlarging the scope for grant of TDS credit to person other than the deductee.
Full notification is as under.

MINISTRY OF FINANCE 
(Department of Revenue) 
(CENTRAL BOARD OF DIRECT TAXES) 
Notification 
New Delhi, the 24
th
 October, 2011 
INCOME-TAX 
S.O. 2429 (E).‐ In exercise of the powers conferred by section 295 of the Income‐tax Act,1961 (43 
of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the 
Income‐tax Rules, 1962, namely:‐
1. (1) These rules may be called the Income‐tax (Eighth Amendment) Rules, 2011. 

    (2) They shall come into force on the 1st day of November, 2011. 

2. In the Income-tax Rules, 1962, –   
   (A) in rule 31A – 
  
(a) for sub-rule (2), the following sub-rule shall be substituted, namely:- 
“(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 –  
(i) the due date specified in the corresponding entry in column (3) of the said 
Table, if the deductor is an office of Government; and 
(ii) the due date specified in the corresponding entry in column (4) of the said Table, if the deductor is a person other than the person referred to in clause 
(i). 
                 
 
       
Date of ending of the
due date
due date
quarter of the


financial year


30-Jun
31st July of the financial year
15th July of the financial year



30-Sep
31st October of the financial year
15th October of the financial year



31-Dec
31st January of the financial year
15th January of the financial year



31-Mar
15th May of the financial
15th May of the financial

year immediately following
year immediately following

the financial year in which
the financial year in which

deduction is made
deduction is made




 
 
(b) in sub-rule (4), after clause (vi),the following clause shall be inserted, namely:- 
“(vii) furnish particulars of amount paid or credited on which tax was not deducted in 
view of the furnishing of declaration under sub-section (1) or sub-section (1A) or 
sub-section (IC) of section 197A by the payee.” 

(B)  in rule 37BA, in sub-rule (2), for clause (i), the following clause shall be substituted, namely:- 
 “(i)  where under any provisions of the Act, the whole or any part of the income on which 
tax has been deducted at source is assessable in the hands of a person other than the 
deductee, credit for the whole or any part of the tax deducted at source, as the case may 
be, shall be given to the other person and not to the deductee:  
   
Provided that the deductee files a declaration with the deductor and the deductor reports 
the tax deduction in the name of the other person in the information relating to 
deduction of tax referred to in sub-rule (1).” 
[Notification No.  57 /2011/F. No.142/23/2011-SO(TPL)] 
(RAJESH KUMAR BHOOT,)  
Director (Tax Policy and Legislation)

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