This is to inform that major amendments have been made in the system of payment, deposit, filing and issuing TDS/TCS certificates w.e.f. 1st April 2009 vide Notification No. S.O.858 (E) dated 25th March 2009 [NOTIFICATION NO. 31/2009 - Income-tax (8th Amendment) Rules, 2009 ]. These include:
- TDS/TCS shall be deposited mandatorily by electronic mode only.
- Quarterly deposit of TDS is allowed in few cases with prior approval of Jt. Commissioner.
- Form 16 and 16A amended. Form 16AA abolished.
- New TDS/TCS challan – Form No. 17
- Duplicate issuance of TDS/TCS certificate allowed on request of the deductee. A.O. to give credit on duplicate certificate on filing of affidavit and confirmation by concerned A.O.
- Form 24C – TDS Compliance Statement introduced. To be filed by all assesses who have been allotted TAN. It is to be filed quarterly even if no tax is deducted.
- TDS/TCS quarterly statement to be filed even if no tax deducted. Now even nil return is to be filed. (to be filed annually but quarterly statements)
The new forms and other features are available within 2 or 3 days. So keep in Touch or subscribe your email id for latest updates.
Download Notification S.O. 858(E).- New Delhi, the 25th March, 2009
Related posts:
- File Your TDS Returns for The Third Quarter
- Procedure for filing e-TDS/TCS returns with insufficient deductee PAN
- Income-tax (Sixth Amendment) Rules, 2010 – TDS Rules Amended for A.Y. 2011-12
- Public Provident Fund (Amendment) Scheme, 2010 – Amendment in paragraph 9
- File Your TDS Returns for the Fourth Quarter
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{ 1 comment… read it below or add one }
Is there is any change in vat of printing and stationery, if yes what?