Due date to deposit TDS deducted under various section ,after the new tds rules 2010 is given below. The new rules are simple to understand .The major change is that now tax deducted in the full Month of March is to be deposited by the 30th April of next Financial year.Earlier tax deducted on provision on last day of the Financial year to be deposited by 31st May of next Financial year .But that clause was applicable only for the provisions created on last day of the financial year ,now tax deducted in whole month of March is required to be deposited by 30th April of immediately next Financial Year.Summary of new provisions if given below.
Note:This rules are applicable for Financial Year 2010-11 onwards .
“Time and mode of payment to Government account of tax deducted at source or tax paid under sub section (1A) of section 192.
Rule :30.
Download Full Notification 41/2010.right click on link and select save target as or save link as as the case may be "
Tags:tds deposit,tds due date deposit,tds new rules,tds rules 2010-11,tds deposit date section 192,section 193,section 194c,section 195,section 194I,section 194J,section 194
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Note:This rules are applicable for Financial Year 2010-11 onwards .
“Time and mode of payment to Government account of tax deducted at source or tax paid under sub section (1A) of section 192.
Rule :30.
(1) All sums deducted in accordance with the provisions of Chapter XVII‐B by an office of the Government shall be paid to the credit of the Central Government ‐
- (a) on the same day where the tax is paid without production of an income‐tax challan; and
- (b) on or before seven days from the end of the month in which the deduction is made or income‐tax is due under sub‐section (1A) of section 192, where tax is paid accompanied by an income‐tax challan.
(2) All sums deducted in accordance with the provisions of Chapter XVII‐B by deductors other than an office of the Government shall be paid to the credit of the Central Government ‐
- (a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and
- (b) in any other case, on or before seven days from the end of the month in which‐
- (i) the deduction is made; or
- (ii) income‐tax is due under sub‐section (1A) of section 192.
(3) Notwithstanding anything contained in sub‐rule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:‐
Download Full Notification 41/2010.right click on link and select save target as or save link as as the case may be "
Tags:tds deposit,tds due date deposit,tds new rules,tds rules 2010-11,tds deposit date section 192,section 193,section 194c,section 195,section 194I,section 194J,section 194
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