Few questions on TDS (new provisions)

Ans 1. Yes Surcharge & cess has been absolutely withdrawn but still exist on payment of salary & non resident.

Ans 2.  As there is no another clarification for FORM 17 by income tax deptt.  & from my point of views FORM 17 is still in the bucket of confusion . So payment to be made thru CHALLAN 281 .

Ans 3. Till date TDS return to be submitted in old format . So no new format

Hope your query is resoved...................

Q2- Form 17 is yet to be implemented.Form 281 or eremittance mode continue as of date.

Q3- challan verification is optional as given in the tin.nsdl website.but to be error free you can use it.

CERCULER OR NOTIFICATION FOR NEW TDS RATES

pls find new tds rate

Dear Jones,

Ans to Q1: Yes, Surcharge, Education Cess are completely withdrawn except for:

• Salaried Person and
• Non Residents

Ans to Q2: Form No. 17 is not implemented and also no circular or clarification is available on  site. So you must continue with Challan 281.

Ans to Q3: Challan verification is optional but advisable for hassle free tax planning.

Ans to Q1: Yes, Surcharge, Education Cess are completely withdrawn except for:

• Salaried Person and
• Non Residents

Ans to Q2: Form No. 17 is not implemented and also  circular or clarified (ragarding Form no. 17 and Unique code)that still to issue a final circular..until and then people have to use Form No. 281 only..