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A change again…


One by one now it’s a 6th amendment to the Income Tax Rules, 2010 as notified on 31st May 2010


What a power to the government under section 295 of the Act…. On 18th February 2010 it was their first amendment and now has a look at 6th one notified on 31st may 2010. In just in a time period of 102 days…


They shall come into force on the 1st day of April, 2010


Government want its money as early as possible that’s why the date of payment of TDS for the month of March has been limit to the month of April…it can be said win-win position for the government as well as for deductor…


Payment of TDS

Government will get money of TDS deducted on 31st March in the month of April itself and deductor will get one extra month for the payment of TDS deducted in the month of March whereas looses one month for payment of TDS deducted on 31st march.


  1. Pay TDS deducted for the month of April to February: On or before 7th of next month
  2. Pay TDS deducted for the month of March: On or before 30th April


TDS deducted by an office of government:

  1. If paying without production of challan: on the same day
  2. If TDS is of section 192(IA) or accompanied by an income‐tax challan: on or before 7th of next month


Power of assessing officer for allowing quarterly payment is subject to permission of JC.

The Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the TDS u/s 192, 194A, 194D or 194H and the payment would be by the date.


Quarter Ending

Pay till date

30th June

7th July

30th September

7th October

31st December

7th January

31st March

30th April.


Confusion relating to e-payment:

According to rule 125(2): Payment made through Credit Card is to be covered within the meaning of e-payment, but in this rule e-payment is strictly means electronically remitted by way of

(a) Internet banking; or

(b) Debit card.

Whether board will accept payment through credit card or not, for this clarification is required.


Certificate of tax deducted at source to be furnished under section 203

1.                   Form No. 16, if the deduction or payment of tax is under section 192; and

2.                   Form No. 16A if the deduction is under any other provision of Chapter XVII‐B.


Must Contents of Certificates:

PAN and TAN of person deducting the tax, Book identification number (in case of payment without challan i.e. by way of book entry) in case of an office of the Government, challan identification number (CIN), Receipt number of the TDS return, the address of the CIT(TDS) of deductor


Periodicity of giving certificates:




Till Period

Form 16


By 31st May of the next financial year

Form 16A


Within 15 Days from the due date of furnishing return


Due dates of filing of TDS return:

As the payment if TDS for the financial year would maximum be completed till 30th April. So, the due date for furnishing of last quarter return has been proponed to 15th May instead of 15th June.


Must Contents of TDS return:

The Deductor at the time of preparing statements of tax deducted shall quote:

1.                   his TAN and PAN

2.                   PAN of all deductees

3.                   particulars of the tax paid including book identification number or challan identification number as the case may be




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