TDS

TDS / TCS 751 views 2 replies

Sunil Kumar Shrivas

Job

232 Points Posted on 04 May 2009

Hi,

Income tax department has introduced Form no.17 (Challan) for tds deposit for current financial year.By mistake i could not deposited tds amount which was credited upto 31-Mar-09. should i deposit consolidated amount (credited amt. + TDS for month of April-09+interest) through Form no. 17 or separately use Challan no. 281

Please guide me.

Replies (2)

N.J.R

Practice

346 Points Posted on 04 May 2009

Originally posted by :Sunil
"	Hi, Income tax department has introduced Form no.17 (Challan) for tds deposit for current financial year.By mistake i could not deposited tds amount which was credited upto 31-Mar-09. should i deposit consolidated amount (credited amt. + TDS for month of April-09+interest) through Form no. 17 or separately use Challan no. 281 Please guide me.	"

Dear Sunil,

Ur query is not clear. But u cannot pay both the TDS i.e. TDS relating to A.Y. 2009-10 & A.Y. 2010-11 in same challan. U hv to pay TDS of A.Y. 2009-10 in separate challan & that too in ITNS 281. TDS of Apr'09 should be paid in ITNS Form 17 (e-pyt) for which u hv to wait for further instructions to be given by CBDT.

Regards.

Sandeep Keswani

Tax Consultant

1064 Points Posted on 04 May 2009

Form No. 17 is applicable for that amount of TDS which is deducted on or after 01-04-09. Therefore the first payment of TDS through Form No. 17 will be due only on 07-05-2009.

For the amount of TDS deducted upto 31-03-09, old Challan No. 281 will be applicable. However where E Payment is compulsory, care should be taken that payment is NOT made through manual deposit in the bank BUT it is paid online through E Payment.