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Return can be filed without UTN new TDS rule postponed

By : Aisha on 30 June 2009 Print This Page

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CBDT has issued a Press Release in which it has been stated that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being.

PRESS RELEASE

New Delhi dated 30^th June 2009

The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of theIncome Tax Rules, 1962 shall be kept in abeyance for the time being.

Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid and in compliance to the requirements under section 139 of the Income Tax Act, 1961.

Further, the date from which the Notification No. 31 / 2009 shall become applicable on tax deducted at source (TDS) or tax collected at source (TCS) and deposited during the current financial year shall be notified by the Central Board of Direct Taxes subsequently.

All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of Notification No.31 / 2009 dated 25.3.2009.

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Comments (7)

Sunita Gawle
wrote on 01 July 2009

Once and for all they should be applicable so that we all should be relaxed and concentrate on doing practising the same.Delaying in notification is delaying our patience.

Sunita Gawle
wrote on 01 July 2009

As they have postponed today but one day we have to implement it.Postponing notified amendments is not good sign they should be well prepared while notifing but the changes are really worth as the tds return filling will be yearly and only form 24C is quarterly.Revision of original return will be in trouble due to these changes,rest all is perfect.

Manoj
wrote on 01 July 2009

Any way, the postponement of New TDS Rules is also good for the Govt Deductors, as it will take a lot of time for the Govt Deductors to adhere to the new TDS Rules.

Return can be filed without UTN new TDS rule postponed

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