Finally Board has given press release for clarification regarding new TDS and TCS rules. Board may issue it earlier but…….. one min…… this clarification only for applicability of new TDS and TCS rules not for procedures…… as you……..!all know there are so many issues about the procedure of new TDS and TCS rules. Hope board will issue clarification before the applicability of new TDS and TCS rules.
No.402/92/2006- MC (11 of 2009)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
The Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules will now come into effect on 1st July 2009 instead of 1st April 2009.
Tax deductors / collectors may continue to deposit TDS / TCS tax and file TDS / TCS returns as per the pre-amended provisions in the interim period.
Related posts:
- New Changes in TDS Rules – CBDT Press Release Dt.2-6-2010
- Form 17, UTN, Form 24C applicability hold on till Next Press Release
- Implementation of Form 17 | New TDS Challan from July 1, 2009
- epayment of TDS Portal is not Available Yet
- Changes of TDS in Union Budget 2009 | TDS Amendments applicable for A.Y.2010-11
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{ 2 comments… read them below or add one }
The IT Dept.should be hanged for all the slip-shod manner they have amended the TDS section,changing dates of applicability like a Model changing her clothes on a cat-walk. SCREW the IT Dept. What do they think? That Accountants who do their “dirty TDS Work” should be whipped more and more??
WHY doesn’t the IT Dept.and GOI EVER think of all the hardships they give to the Accountants everywhere who have to “learn and relearn,apply and reapply their knowledge and skills for the benefit of the GODDAM GOI IT Dept…while the GOI HIKES PAY SCALES OF THE GOI STAFF…..for NOT at all doing anything NEW but expecting everything on a platter from the Accountants,including the TDS Deduction,the TDS PAYMENTS,the TDS Filing of returns,the TDS details at time of scrutiny…etc.
Question: WHY SHOULDN’T THE GOI allocate 5% of all TDS Collections to the poor sincere Accountants of India????
we have purchase ciment for cistrution purposs in our partnership farm freight bill is mor then rs.50000/- bill dated 3-2-2010
party told t d s is exempted from 01-11-2010 this is correct.
plz.advise me what is rull