Ministry of Finance
Notification on TDS and TCS
The Board has amended the rules relating to Tax Deduction at Source (TDS) and
Tax Collected at Source (TCS) vide Notification No. S.O.858 (E) dated 25th March
2009.
In this context, taxpayers are informed that the new Form 17 (the challan for
payment of TDS and TCS) is applicable only for payment of tax deducted or
collected at source on or after 1st April 2009. Therefore, in respect of any TDS or
TCS made before the 1st April, 2009, the payment will continue to be made to the
credit of the Central Government by using the challan in Form No. 281 (i.e. the
old challan form) even after 31st March 2009.
The Central Board of Direct Taxes will shortly issue a detailed circular on the
amended rules relating to TDS and TCS.
BSC/BY/GN-105/09