TDS

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Jigar Shah

Jigar Shah (Querist)
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04 May 2009 Has the Income Tax Dept. started accepting the TDS payment in Challan Form 17?

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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04 May 2009 Not Yet

Jigar Shah

Jigar Shah (Querist)
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04 May 2009 So how should we deposit the TDS for the month of April 09?

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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04 May 2009 As discussed with Mr Girish Ahuja ji, a detailed circular for TDS is yet to come which will give us the detail procedures about new TDS provisions, but this is for sure that TDS deposited on Challan 281 shall not be treated as valid deposit. As per him, it is quite possible that Govt may allow some time for deposit of TDS on April as IT officials are busy in election due to which there has been a delay in that detailed circular. Better is to wait and watch the situation.

taxindiaconnect

taxindiaconnect (Expert)
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05 May 2009 I think the better is to wait and watch as suggeste by Traun. We are not depositing the TDS in old form. We are expecting the calrificaton by 6th May.

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