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New TDS notification postponed to 1st July - Press release

By : jyoti on 12 May 2009 Print This Page

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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.

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Comments (9)

Ramakrishna
wrote on 15 May 2009

The proposed notification has brought in lot of confusions regarding payment of taxes and issue of certificates, etc. Mere postponement of the notification to a future date will not be of any help unless there are appropriate modifications/clarifications before implementation.

AJAY KUMAR MOHANTY
wrote on 14 May 2009

ya, it's really a gud move on d part of Govt.Getting acquinted to new provisions & forms would definitely take sum time. by the end of July, I hope pepole 'd b adjusted demselves with d new Rules.

PRATIBH
wrote on 13 May 2009

dts is for the 1st qtr 2009 the rules will be same as before?

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